It’s a rant, I wrote it because it bugged me.

How sad this makes me:

Under the May Day decree, private energy companies will have to sell a controlling stake to the Bolivian government and renegotiate contracts.

At the largest gas fields, royalty payments will increase from 50% to 82%.

The fate of Bolivia’s gas reserves was at the heart of protests which saw two presidents thrown out of office.

Mr Morales’ move is the fulfilment of an election promise to secure better benefits for impoverished ordinary Bolivians from the gas reserves – the second largest in the continent.

Hundreds of Bolivians celebrated the decree in the de facto capital, La Paz, on Monday.

But the private gas companies, which have invested about $3.5bn in gas exploration and development since 1997, say it is a worrying development.

Seriously. I mean, think about it…. I admit, I am as addicted to oil and all that as the next guy living in Canada, but at the same time, if you look into the history of those countries, it is about damn time that they get a larger piece of the pie.

Most people down there are living in poverty, despite having resources up the ying-yang and yet, most of the profits go out of the country? Something is severely wrong down there.

With Venezuela, Brazil and others “clearing the path” who knows, maybe an entire continent can come out of poverty and then Africa next?

The world is changing, and it will force us all to change. I wonder how well we’ll be living in 10 years.