Whats In The Pipeline for South America by Mark Turner
PERU (KWR) December 20, 2006 — The near landslide re-election of Hugo Chavez in Venezuela in what neutral international observers declared “free, fair and democratic elections” has apparently set the scene in Latin American politics for the next 6 years at least. There is a clear turn to the left throughout the continent, home of 370 million people, with socialist governments of various shapes and hues now in control in the major South American states. Brazil, Argentina, Chile, Bolivia, Venezuela, Ecuador, Uruguay are all under some sort of leftist leaning government that range from free market advocates like Chile to downright social revolutionaries such as Evo Morales’s MAS (movement towards socialism) party. The change in direction for the continent is undeniable. The future is now tinged a pinkish red in Latam, and the savvy investor should take note. Without doubt, the proposed oil and gas pipeline championed by Hugo Chavez is the most interesting probable development.
