BREAKING NEWS: Evo Nationalizes Energetic Resources (Update 1)
AP News reports no reactions from the foreign companies, opposition, or other governments.
Read the AP News' piece here.
The BBC's story is here.
The UK's Financial Times (here) also reports that Evo has sent the military to occupy 53 oil and gas fields and installations.
According to Reuters and ABC, foreign companies would be left with only 18% of their production.
According to this piece, Spanish government has issued a statement saying that they hope that Morales negotiates the new contracts and keeps in mind the interests of other parties. They also hope that Morales does not send a negative message to investors worldwide. Too late.
Xinhua reports that the price of crude has felt the effect of Evo's shenanigans in Bolivia.
EFE News reports that petrol stations (owned by Bolivian investors) were among the oil and gas installations seized. Some unnamed diplomats said that the decree was much harsher than expected and that they expect foreign oil companies to initiate arbitration or leave the country.
Read the whole nationalization decree at Barrio Flores (in Spanish).
Boz's opinion on how Evo will reacto to international pressure can be found here.
Ciao! has two posts on the subject: here (he argues that Evo took the worst possible way and that in 3 months we will start knowing the success of the decree) and here (he argues that YPFB will become a political instrument).
Publius Pundit also comments on the news.
MABB has an international news roundup.
Update 1: A comment left by Candiaman reports the reactions directly from Bolivia:
"the gas stations were literally invaded by cars in just a few secs after the speech ended, by now some of the have been depleted..." and
"Just spoke with friends in Santa Cruz eho are working al petrobras and hace confirmed a rumor, they can´t get in the buildings the military forces won´t allow people to get in."
Thanks for the comment, Candiaman! You can see the full comment below.
Two photos from AP News Agency.
Look at the Cuban and Venezuelan Flags celebrating. A sign of things to come.
The banner reads "Nationalized. Property of Bolivians". Shameless populism in action.
Bolivia, Bolivien, Evo, Evo Morales