In other news from Latin America, the Bolivian government has moved a step closer to nationalizing its energy resources. On Wednesday, Bolivian President Evo Morales met with representatives from 12 different oil and gas companies to sign new contracts turning over production to the state. This is Carlos Villegas, Bolivia’s minister of hydrocarbons.

Carlos Villegas: “The nationalization, the history of the oil in the country in the past year, is entering a new phase. [It’s] a phase of expectation and hope. We hope that through the official ratification of the contracts we can solidify investments and count on higher volumes of oil and natural gas.”