Ah, now the certified public gringo nuisance is an expert on Bolivia—another country he has never visited and which he cannot find on a marked world map!

What a pile of steaming racist drivel.

Bolivia had large natural gas reserves long before Evo nationalized them. The problem was that the EU companies exploiting them were paying no taxes and no fees for extracting the gas.  That was fine for Evo’s predecessor, the infamous “Gringo” Sanchez Lozada—as he was living most of the time in Miami off the kickbacks from Spanish petroleum contracts.And committing genocide against the people of Bolivia.

Bolivia has attracted as shitload of investment since Evo natinalized Bolivia’s natural resources—including even a bidding war, which included your employer Gringolandia, for the opportunity to exploit the lithium deposits.The US, Mercosur and Chile are the largest investors in Bolvia—but China and Iran are coming on strong.

Lithium is also present in Afghanistan—the third reason the gringos are there committing atrocities DAILY—after 1) the HEROIN, which amounts for the CIA being almost self-supporting and 2) the pie-in-the-sky pipeline from the Caucasus to Pakistan.

Looks like iran beat out the Israelis and the gringos for Bolivia’s lithium—another reason they are itching to wipe Iran off the map.

Bolivia benefitted mostly from the discovery of the discovery of all the natural gas
and the high prices for commodities that Bolivia has….nationalization helped spur
the growth but there remain huge problems ...and little attraction of foreign
investment.

it’s a small economy that was a freakin mess and improved….and the future ain’t
clear.

http://www.indexmundi.com/bolivia/economy_profile.html

Well, Evo Morales said yesterday and was quoted in today’s newspapers, that nationalizing Bolivia’s hydrocarbons has certainly been beneficial for its people.

Bolivia has been showing very strong growth since that nationalization, after many years of flatlining it and giving everything for free to the gringos and other dominantly white resource vultures and poachers.

Venezuela has certainly benefited from nationalization.  Chavez didn’t natinalize the petroleum—that actually was done in CAP’s first term.  But he did clean house in 2003 after the opposition and the CIA mounted a lockout at PDVSA which failed, and since then PDVSA has no longer been the petty cash box for the dominantly white rich. 

Once he cleaned house, Chavez was not satified at what the multinationals were coughing up for taxes, as their acccountants managed to make it look like they were always losing money.  So he pulled the plug on everything but minority partnerships in the petroleum sector.  Exxon sued and ended up having to settle for considerably less than what Chavez OFFERED them when they banged the door as they left the Orinoco Basin.

Mexico, until the pols got TOO greedy and started milking PEMEX for more than it was worth, benefitted greatly from Cardenas’ natinalizing the petroleum in 1938.  It was not until the late 70s that PEMEX was so tapped out financially that they couldn’t replace obsolete infrastructure—which has pretty much left Mexico in the toilet since then.

But, they did get a 40-year run of progress and what was called the Mexican Miracle until the pigs sucked PEMEX dry.

I doubt seriously that Argentina even HOPES for a 40-year run from this nationalization.

The folks who claim that nationalizations are old hat and scare off investments are ALL, without exception, either big private companies or the paid representatives of those companies.

vec—- not offered as either good or bad…. just what’ll occur….....and if you think
that a dispute with the EU is unimportant, feel free.

Argentina has the right to nationalize, the question is whether it would be
beneficial.

Argentina doesn’t have to worry about scaring off investments from the EU—which is broke and therefore has no money to invest.

Even the president of the WMF warned that investments from EU companies in Latin America would amount to infecting it with the EU crisis.

Since China was ready to buy out Repsol in Argentina, I suspect that China will pick up any slack left by the tit-up EU companies.

MeHere:  Good post.

What you could have also mentioned is that one of the fattest beneficiaries of menem’s privatizations was George Bush padre.

Yep, Spain is pissed—and they deserve anything and everything bad that happens to them for VOTING in Rajoy, a mossback fascist, who is representing NOT the Spanish people, but Repsol!

I find it interesting that the kinds of threats being made to the president of Argentina are considerably more bullying and machista than threats that were made to Chavez and Morales.

And the Spanish mossback king was forced to apologize to the Spanish people yesterday for leaving them jobless and capering off to shoot elephants in Botswana—where he fell on his ass while trying to take a dump in the field and broke his hip. Many thousands have demanded he be sacked from his honarary post as president of the WWF of Spain, as well as booted from membership.

And althis just after one of his inbred grandkids shot himself in the foot with a shotgun—and it’s illegal for kids his age to handle firearms in Spain.

hee haw.

“A
failure to compensate the Spaniards will really scare off foreign investment and
might lead to a fight with the EU.”

Spoken like a true “Neo-Liberal”.

Give Argentina’s history with “foreign investment”, this is a bad thing how?

According to Menem (of Syrian origin) the Iranians bombed the Jewish social center in 1994.

Turns out it was one of Menem’s cronies.  Now several are up on charges for that, as well as on charges for trying to put the blame on Iran.

The Argentine president is not interested in a wild nationalizing scheme but rather in changing the old contract according to international law.  Repsol failed to fulfill commitments it had made to Argentina. The corporation began operating under the Menem government which was famous for privatizing and making deals detrimental to the country. The current price of the company has not fully been established yet.

In terms of how bad this will be for future foreign investments and how will Argentina be able to pay, these are the typical reactions you can expect from the corporate world when things don’t go their way.  Argentina has the right to succeed and fail in its own endeavors.

Repsol was in the toilet before the president of Argentina decided to expropriate 51% of its stock.

In fact, China’s state oil company had already put an offer on the table to buy all 57% of its stock in YPF.

An ofer which Repsol wanted to accept and not tell Argentina till they had the money in hand.

Rajoy came to Mexico to rave and foam at the mouth in startlingly authentic imitationof his deal idol, Franco.

Calderon sucked that up and went into ecstasies about how Argentina was eveil.

Calderon has quasi-privatized PEMEX, and 3 of the 4 presidential candiates are already soliciting kick-backs for privatizatin contracts from—among others—Repsol.

Spain’s economy is way past the tits up phase, and they are going to sue going to sue going to sue going to sue.

Good for Cristina.  You don’t get re-elected these days in Argentina if yo don’t have balls.

Argentina certainly can nationalize, but as the spur to the action isn’t other than
dissatisfaction with the level of investment and development of the energy
resources, it’s hard to see how nationalization will help Argentina in the near
term….. Argentina buying out the Spaniards will cost billions and depress
foreign investment and leave the Argentinians short of development cash. A
failure to compensate the Spaniards will really scare off foreign investment and
might lead to a fight with the EU.

Might be that the bill isn’t meant to pass and its purpose is to spur some kinda
deal or simply deflect the blame for Argentina’s energy woes and $10b in
imports from the government.

http://www.npr.org/templates/story/story.php?storyId=150789391

Do they have Muslims in Argentinian?

Wanting to manage their own natural resources: Fernandez needs to double her body guards and get ready to be put on the CIA’s hit list along with Hugo and Castro.

Watch for the Corporate Media shift that turns her into just another enemy of the “free market”.

Viva Argentina! The barons deserve a good kick in the teeth. I was in Nicaragua in 2007 and at the time they were having 4-hour long daily blackouts, this was because a Spanish company literally owned the country’s electricity and was charging the government super high prices.