Bolivia’s New Oil Discovery Triples Reserves
teleSUR | June 19, 2015
Bolivia has tripled its oil reserves, President Evo Morales announced Thursday, after state-owned energy company YPFB made a significant oil discovery in the eastern department of Santa Cruz.
“This oil reserve marks the first new discovery in 23 years. This is an example of the positive outcomes from nationalization. With this reserve we now have 44 million barrels of oil reserves,” announced Morales.
During his speech, the Bolivian leader went on to criticize foreign nongovernmental organizations that aim to obstruct natural resource exploration projects. “It is unacceptable to me that there are NGOs and foundations operating under the pretext of defending the indigenous movement. I want to make it clear that NGOs and foundations that obstruct natural resource exploration must leave Bolivia,” Morales stated.
According to company officials, YPFB is planning to invest a total of US$3 billion in Bolivia from 2015-2019 towards oil exploration projects.
Due to increased revenues from gas and oil exports, the Bolivian government has since 2006 dramatically increased social spending in the area of health, education, pensions, and poverty alleviation programs by 45 percent.
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How GMO seeds and “RoundUp” are driving US policy in Venezuela
By Whitney Webb | MintPress News | May 6, 2019
CARACAS, VENEZUELA — As the political crisis in Venezuela has unfolded, much has been said about the Trump administration’s clear interest in the privatization and exploitation of Venezuela’s oil reserves, the largest in the world, by American oil giants like Chevron and ExxonMobil.
Yet the influence of another notorious American company, Monsanto — now a subsidiary of Bayer — has gone largely unmentioned.
While numerous other Latin American nations have become a “free for all” for the biotech company and its affiliates, Venezuela has been one of the few countries to fight Monsanto and other international agrochemical giants and win. However, since that victory — which was won under Chavista rule — the U.S.-backed Venezuelan opposition has been working to undo it. … continue
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Klan Rockefeller’s CIA can hardly contain. Another opp to launder narco-cargo in the petro-apparat … and, lately, laundering sex-and-baby-selling $$, the most lucrative Klan racket, that works best when a nation is awash in petro-$$.
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