Bolivia's president Evo Morales signed a decree that starts a process of nationalization of oil. It is the third in the country's history and it gives oil companies 180 days to "correct" their current contracts in order to continue operating. “El Estado recupera la propiedad, la posesión y el control total y absoluto de estos recursos” ("The State gets back the ownership, posession and absolute control of these resources")
The nationalization of these resources was one of the major points in Morales' campaign. He won the elections on December 18th with 53.7% of votes. The demand for the nationalization of oil triggered protests that led to the dismissal of ex-presidents Lozada (Oct. 2003) and Mesa (June 2005.)
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