source: http://incakolanews.blogspot.com/2008/07/bolivia-why-they-fear-evo-morales.html
more info on the subject:
http://www.incakolanews.blogspot.com/2008/07/mo-money-evo-or-morales-hands-out-gas.html
written by Otto Rock
Why does the world pick on Evo Morales so much? I mean, we're talking about the President of the least influential country in South America here. A landlocked country that hasn't gone to war with anyone since Chile successfully stole a chunk of land from them. As for Evo, how can you get all hot under the collar about a dude with that haircut? And that taste for chunky sweaters?
So why the vitriolic obsession with Bolivia and Evo? If it were just the left wing politics, then we'd hear a whole lot more about plenty of the little Central American states, wouldn't we?
Or perhaps it has something to do with this:
http://bp2.blogger.com/_7Se7iswAanA...BoA/lELEm9GvaEU/s1600-h/bol_oil_revs_0208.gif
Since Evo took office, Bolivia as a country has finally felt the benefit of being sat upon the second largest reserves of natgas in Latin America. Each bar represents one month's worth of revenue to the state, and to put it in perspective, that means Bolivia earned over twice as much in the month of February 2008 than it did in the 24 months 2004 and 2005 combined. And before you start talking prices, we're talking natural gas in Bolivia and not crude oil. Although natgas has also spiked recently, it did the same back in 2005.
http://bp0.blogger.com/_7Se7iswAanA/SHkff2DC1KI/AAAAAAAABoY/oZiWD2rQ7G0/s1600-h/natgas_hist.GIF
That spike benefitted Bolivia to the tune of zero dollars and zero cents.
And not only that, but the Morales gov't is using the money pretty wisely by tucking a lot of it away in Central Bank reserves...
http://bp3.blogger.com/_7Se7iswAanA...00-h/bolivia_international_reserves_jun08.gif
....and also making sure they don't overstep spending, as the public sector current account ran at a U$280m surplus for the first quarter of 2008 (which just continued on from the 2007 policies). All the figures are available right here. Y'see, all this loot used to go into the pockets of the foreign oil companies. And they don't really like that. And they'd like to start doing it again if they can.
Any questions?
more info on the subject:
http://www.incakolanews.blogspot.com/2008/07/mo-money-evo-or-morales-hands-out-gas.html
written by Otto Rock
Why does the world pick on Evo Morales so much? I mean, we're talking about the President of the least influential country in South America here. A landlocked country that hasn't gone to war with anyone since Chile successfully stole a chunk of land from them. As for Evo, how can you get all hot under the collar about a dude with that haircut? And that taste for chunky sweaters?
So why the vitriolic obsession with Bolivia and Evo? If it were just the left wing politics, then we'd hear a whole lot more about plenty of the little Central American states, wouldn't we?
Or perhaps it has something to do with this:
http://bp2.blogger.com/_7Se7iswAanA...BoA/lELEm9GvaEU/s1600-h/bol_oil_revs_0208.gif
Since Evo took office, Bolivia as a country has finally felt the benefit of being sat upon the second largest reserves of natgas in Latin America. Each bar represents one month's worth of revenue to the state, and to put it in perspective, that means Bolivia earned over twice as much in the month of February 2008 than it did in the 24 months 2004 and 2005 combined. And before you start talking prices, we're talking natural gas in Bolivia and not crude oil. Although natgas has also spiked recently, it did the same back in 2005.
http://bp0.blogger.com/_7Se7iswAanA/SHkff2DC1KI/AAAAAAAABoY/oZiWD2rQ7G0/s1600-h/natgas_hist.GIF
That spike benefitted Bolivia to the tune of zero dollars and zero cents.
And not only that, but the Morales gov't is using the money pretty wisely by tucking a lot of it away in Central Bank reserves...
http://bp3.blogger.com/_7Se7iswAanA...00-h/bolivia_international_reserves_jun08.gif
....and also making sure they don't overstep spending, as the public sector current account ran at a U$280m surplus for the first quarter of 2008 (which just continued on from the 2007 policies). All the figures are available right here. Y'see, all this loot used to go into the pockets of the foreign oil companies. And they don't really like that. And they'd like to start doing it again if they can.
Any questions?
