Bush, the lover of democracy should love this...

[David Farber <dave () farber net>]

Begin forwarded message:

From: Robert Lee <robertslee () verizon net>
Date: May 1, 2006 4:47:06 PM EDT
To: dave () farber net
Subject: Bush, the lover of democracy should love this...

LA PAZ, Bolivia - President Evo Morales ordered soldiers to  
immediately occupy Bolivia's natural gas fields Monday and threatened  
to evict foreign companies unless they sign new contracts within six  
months giving Bolivia majority control over the entire chain of  
production.

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Morales said soldiers and engineers with Bolivia's state-owned oil  
company would be sent to installations operated by foreign petroleum  
companies.

"The time has come, the awaited day, a historic day in which Bolivia  
retakes absolute control of our natural resources," Morales said in a  
speech from the San Alberto petroleum field in southernBolivia to  
decree what he called a nationalization of the natural gas industry.  
The field is operated by Brazil's Petroleo Brasileiro SA in  
association with the Spanish-Argentine Repsol YPF SA and France's  
Total SA.

Bolivia has South America's second largest natural gas reserves after  
Venezuela, and all foreign companies must turn over most production  
control to Bolivia's cash-strapped state-owned oil company,  
Yacimientos Petroliferos Fiscales Bolivianos, Morales said.





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