The Democracy Center Briefing Series– Bolivia Takes Back Control of its Gas and Oil
The popular demand for public control of the nation’s gas and oil resources has been a long-standing one in Bolivia, and has been at the forefront of national politics for three years. In July 2004 more than 90% of the voters in a national referendum supported a measure to recover control of Bolivia’s gas and oil reserves. Nationalization was also a central pledge by President Evo Morales during the 2005 elections. On May 1, 2006 Morales, issued an executive decree declaring the “nationalization” of Bolivia’s oil and gas reserves. The Democracy Center is dedicated to providing its readers with up to date and accurate analysis of this issue as it unfolds.