The new Bolivian President Evo Morales has quickly shown his socialist nature, he is nationalizing all of his country's oil and natural gas companies. This theft of companies from their rightful owners includes natural gas fields operated by Petrobas of Brazil. President Morales is not returning calls from Brazil as that country tries to avert a possible crisis since 50% of Brazil's natural gas comes from these fields in Bolivia.
So stay tuned to see if this escalates into harsher words and perhaps even a border conflict between the two countries. If it does escalate, what role will Chavez and castro play in it? Will countries like Colombia and Argentina join in? Will the US be pulled into this?
If war erupts, epexct oil prices to jump again as everyone gets scared. They will climb higher if Venuzuala does get involved in the conflict. Expect a roller-coaster ride as the US drug of choice gets crimped at the oil well.