Morales also said the state would retake control of Bolivian hydrocarbons companies that were privatized in the 1990s, with the state taking over shares in the hands of foreign companies and of semipublic Bolivian entities.

Looks like Morales is tired of "outsourcing." And the picture with the article is perfect, Morales, Chavez and of all people Fidel Castro. It remains to be seen what effect this will have, but my first guess is, oil is going to accelerate towards $80 a barrel.

Morales Nationalizes Natural Gas Industry - Yahoo! News