Tuesday, December 20, 2005

Bolivia awaits final poll result, meanwhile Venezuela is putting the squeeze on Exxon.

Will Morales team up with Chavez? Seems plausible. Morales can renegotiate deals with foreign gas companies in Bolivia, if they baulk, then Venezuela can step in with investments to the Bolivian gas production.

Bolivia is the poorest country in south America. But with a huge wealth in natural gas, most of who's profits go straight out of the country. Chavez does have a record of taking profits from Venezuelan oil and putting it into development projects for the poor. Bolivia could do worse than follow the example.

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