Did We Kick Them Out
MORALES: After gas-reform laws in 2005, our gas-export revenue rose from $250 million to $500 million. With the nationalization decree, that rose to $1.2 billion. At bigger fields, the 18 percent take for the state and 82 percent for the companies is now 82 percent for the state and 18 percent for the companies. And the companies are accepting this. This is nationalization without expulsion or expropriation, in which companies recover their investment and have the right to make a profit....