Bolivia seeks hike in Argentine and gas prices-report - Brazil too

[NNN0LHI]

http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2006-05-07T141728Z_01_N07308768_RTRIDST_0_ENERGY-BOLIVIA-ARGENTINA.XML

BUENOS AIRES, Argentina, May 7 (Reuters) - Bolivia is aiming to raise prices on its natural gas exports to Argentina by up to 65 percent, its planning minister said in an interview with a leading Argentine newspaper on Sunday.

Bolivian President Evo Morales nationalized the Andean country's energy sector last week and has said he is seeking to increase prices on Bolivia's natural gas exports to its biggest customers, Brazil and Argentina, to generate more revenues.

In an interview with the Buenos Aires daily La Nacion, Bolivian Planning Minister Carlos Villegas said the government is looking to raise prices to $5.50 per million British Thermal Units (BTU) from the current price of $3.35. snip

Brazil and Argentina have relied on cheap Bolivian gas imports to fuel their economies. Argentine President Nestor Kirchner is particularly concerned about any impact from potential price hikes as he struggles to contain double-digit inflation at home.

[lonestarnot]

1. Damn!

[cliss]

2. This is it, kids.

This is what the near future is going to be all about: resource wars. Wars waged over oil (already happening) wars over water rights, natural gas, any kind of resources.

We have an Oversupply of people, and an Undersupply of resources. That leads to one thing = a mad scramble.