Eyes To The Left Comrades...

President Evo Morales' of Bolivia demonstrated the many flavours of Latin American leftist politics on Monday - timed beautifully to coincide with the May 1st celebrations of ¨ Workers Day¨ .

To the great dismay of Brazil (and Argentina) Comrade Morales nationalised Bolivias¨ vast natural gas fields.

Prima facie no big deal, after all, Bolivia has a right to protect her own natural resources - but what if one had been assured that any outside investment in the Bolivian Gas industry was safe, protected and virtually free from internal meddling? And further, what if one had cut a deal with Bolivia regarding the protection of an investment totalling $1bn?

One word comes to mind - BETRAYAL - and this is how Lula and Brazilian investors must be feeling right now - BETRAYED - .

Brazil's state-owned oil and gas giant, Petrobras has invested rather heavily in Bolivia - notwithstanding Brazil relies on Bolivia for half of its gas consumption...

Seemed a fair kinda deal was set-up with Brazil and Bolivia sharing the mined gas resources...

Brazil invests and Bolivia produces - QUID PRO QUO -

Not When There's a RED in the bed

Seems ominous that President Morales had only a few days ago returned from a meeting with Fidel Castro - along with his crimson comrade - Hugo Chavez of Venezuela.

Seems the 3 of them spent last weekend brushing up on Comrade Karls¨ ¨The Communist Manifesto¨

They have obviously forgotten that Lula and Brazil are their allies and not their enemies - but I guess anything goes - all in the name of the revolution , of course.........


Castro and his legacy in Latin America