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Bolivia Nationalizes Oil

Discussion in 'Political Discussion' started by wistahpatsfan, May 12, 2006.

  1. wistahpatsfan

    wistahpatsfan Rookie

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    The EU, as well as other South American nations such as Brazil, have been critical of Morales' decision and concerned about growing protectionism in Bolivia and Venezuela, where President Hugo Chavez, announced last weekend that he would introduce a new tax targeting foreign oil companies.

    Could this ever happen in the US? Could the People ever decide that oil is so important to national security, that it should be controlled by the government?

    http://www.cnn.com/2006/BUSINESS/05/11/bolivia.eusummit.ap/index.html

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