The end of an era?

'Sovereignty' and 'national control' over natural resources, specifically oil and gas, are back on the Latin American political agenda. In rhetoric that is a fusion of Marx and Mussolini, newly-elected populist leaders are underwriting their credentials as champions of the poor by confronting private sector, and foreign oil and gas investors. This confrontational style contrasts sharply with that of the 1990s when most countries in the region undertook structural reforms and economic liberal