Street blockades continue nationwide and a new threat is in the works… road blockades that affected Bolivian economy for the last 30 years will be spread out until government accepts a 30% salary increase. Something that is unacceptable and impossible because the nation’s economy is unable to carry out. Despite minerals and high oil/natural gas prices, the Bolivian economy has been slow accepting fresh investment.

According to Carlos Miranda analysis (today’s article on La Prensa), YPFB had finally authorized Ryder Scott to make it public: the certification that proven gas reserves (P1) as of 12/31/2009 were 9,94 TCF, and at 3,75 TCF the probable ones (P2) and 6,25 TCF possible ones (P3). P1 are those that there is certainty over those reserves that at current economic conditions and technology are produced. P2 are those that still fail to comply with P1 conditions and are not expected to be produced. P3 are regarded as speculative, uncertain.
Ryder Scott reports that as of 12/31/2009, there was 9,4 TCF of proven reserves. To date, information presented in Santa Cruz, 4/8/11,  are lower because daily production is taking place. So, these reserves as of 4/10/11 (P1) are 9,19 TCF.

If those reserves are not increased, Miranda concludes that contracts with Brazil and Argentina will barely comply and no new mining production or other industry that would demand natural gas, would take place. Thus, blockades on streets and roads along with no increased production of our top resource shades negative conditions for Bolivian society.