Logically, a country that has abundant resources and the opportunity to exploit them profitably would be foolish not to use them for profit and development. South American leaders who love to talk about their "rendezvous with history" in their incantatory speeches are about to be stood up by her once again for failure to treat gas as a tool of development rather than of power politics.
The United States is fast becoming dependent on natural gas one quarter of its electricity now comes from it. Because coal and nuclear energy have become increasingly controversial, regulations have created an incentive to build gas-burning plants. Despite the U.S.'s abundant gas reserves, a number of obstacles including political and regulatory ones have impeded a full development of its domestic resources. The U.S. actually imports about 16 percent of its natural gas, most of it from Canada and, to a smaller extent, from Trinidad and Tobago. However, the expectation is that U.S. demand for imported gas will shoot up, and Canada is not in a position to satisfy that demand. Unless major discoveries take place soon, at the current rate of production, Canada's reserves will be depleted in less than a decade.
http://www.tcsdaily.com/article.aspx?id=031706C
[Proofreader's note: this article was edited for spelling and typos on March 19, 2006]
Note: http://www.tcsdaily.com...

with the Agreement Of The Americas you can bet any and all agreements the AMERIKANS have, will be diddled like the softwood ageement here in canada.
and for some reason you don't hear all the trouble the NAFTA and THE AGREEMENT OF THE AMERICAS have,because they are in courts that are closed to us,the public.
South America, KEEP YOUR RESOURCES!!!
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RickW
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RickW
Just because Japan can't produce enough food to keep its citizens alive doesn't mean we should sell them beef!
Just because America doesn't have enough natural gas doesn't mean we should keep them from freezing to death in the winter!
Finders Keepers suckers! Sharing the world's wealth is a fool's game. I mean, how could we ever hope to get wealthier by trading and producing based on our comparative advantages?!
No wait, check that. DO trade based on comparative advantage because EVERYONE who EVER has, has grown wealthier, without exception. And don't forget R&D. Imagine if no countries ever shared research? Why...we wouldn't have the computer, the Internet, the television, the radio, the space ship, the nuclear reaction, dry wall, steel, the automobile, the airplane, not even the telephone, because Mr. Bell was from Scotland, lived in Boston, and only visited his parents in Canada. But no sharing resources and information probably means no open borders, so we'd all still be living in log cabins and igloos, suckling milk straight from the cow because we wouldn't even have electricity, thank you very much Mr. Edison.
Seriously, free trade is amazing, and if it's not a good deal then they don't need to sell. But really, since they don't have enough furnaces to use their gas, and America has too many furnaces and not enough gas, doesn't it make sense to trade?
Why the hell should a border make a difference? If trade is a good idea within a country, shouldn't it work internationally too? Both common sense and history says yes. Only dogmatic xenophobia says no.
But still, they're really not at a point where they can afford to stop selling their natural resources, and they really can stop whenever they please. I don't believe they're involved in any sort of free trade contract with the states, and in the case of South America are involved in their own little trade pact. Unfortunately, that they haven't been involved in such an agreement is realistically what has been keeping them away from progress. Not only do they lack exclusive technology, but their cheap labour is easily offset by tariffs, so what other option remains? Only selling off primary goods. Every nation did it, and every nation who did it has won. It might be different in S.A because a huge percentage of their companies are state owned, and run terribly inefficiently. The natural resources however, don't depend on socialist management, or cheap labour, the only thing on which they depend is time. Right now oil and natural gas are useful, but the window is still limited. It takes more than fifty years to grow a competitive nation, and even more than that to get them to the point where hoarding their resources will be beneficial to their own nation (which realistically will be never. How much good are Canada's copper supplies now?).
If you can find another comparative advantage in S.A then maybe they have a chance, but right now all they have are resources. If they build some decent infrastructure then they can hopefully get an educated workforce for decent assembly type labour, but until then they really need to sell.
But if you want to return to a feudal or communist economy well...I'm not sure how well you'll be living.
At least with state run companies they are transparent enough to know whats really going on. Of course,there's always Enron.