Evo makes his big move and you can bet George & Co. will have something to say about it soon

for the worshippers in the church of unfettered capitalism, "nationalization" is the most abhorrent form of blasphemy... so, you can be sure that the spin soon to issue in unending streams from the faithful in washington d.c. and the financial and business centers of the world will be that evo has revealed his true self, a fidel castro clone...

i say, that for one of the western hemisphere's poorest countries, second only to haiti, one that has endured centuries of the most blatant exploitation of natural resources imaginable, all by foreign entities with little concern for either the environment or the local citizens, it may possibly be the only logical step... but, as with all else, time will tell whether evo is being smart or just another well-intentioned idiot...

President Evo Morales decreed the nationalization of Bolivia’s hydrocarbons — mainly natural gas — yesterday, threatening to evict foreign companies that tap all of the country’s gas unless they sign new contracts within six months giving control of the industry to the Bolivian state.

"The time has come, the awaited day, a historic day in which Bolivia retakes absolute control of our natural resources," Morales said from the San Alberto petroleum field in southern Bolivia operated by Brazil’s Petróleo Brasileiro SA in association with the Spanish-Argentine Repsol YPF SA.

Morales ordered soldiers to take over Bolivia’s natural gas fields and threatened to evict foreign companies unless they give Bolivia control over the entire chain of production.

Morales said soldiers and engineers with Bolivia’s state-owned oil company would be sent "immediately" to facilities and gas fields tapped by foreign petroleum companies — including Britain’s BG Group PLC and BP PLC, France’s Total and US-based Exxon Mobil Corp as well as Repsol YPF and Petrobras.

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