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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (6315)	5/13/2006 7:39:07 AM
From: elmatador	Respond to of 217734

I am enjoying, Thanks. Latins are too emotional and they blow things out of proportion. The problem started when Morales promised to double the minimum wage. Announcement should have been May 1st, Labor Day. His finance minister said it could not. He said how about 50%? No way! Only about 20% was possible. Not to lose his face in front of his electorate, he invaded the gas fields with army troops wearing a hard hat on May 1st. The masses forgot the other 80% he promised and aligned behind him. He forgot that that by saving his face he would face the trouble with the Brazilians and Argentineans. It was on the cards the increase in price. It was a matter of negotiating it. It could have been done but that would not placate the masses. For the masses it is required visible action. Now we have a weird situation: negotiating the Southern Gas Pipeline to take gas from Venezuela, while the present supplier is cutting the gas to its main customers. But that is Latin America and it always comes and it is decided like a Mexican soap opera drama... Fact is: Venezuela and Bolivia need customers to their fossil fuels!!