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Page added on May 30, 2006

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Outside View: Energy Importers Worried

(UPI) — Speculative demand for oil and gas in the world market, and steadily growing prices on energy carriers have compelled some energy exporting countries to enhance government influence in this key sector.

The Latin American countries were the first to act. The Bolivian and Venezuelan presidents have toughened control over the operation of foreign energy companies, causing a nervous reaction of the consumer countries. Moreover, the latter are afraid that this ’state regulation syndrome’ will affect Russia, and they will be much less independent in energy security.

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