The light is about to go out, and the economy is about to grind to a halt | Se está por apagar la luz y paralizar la economía

By Higinio Flores Alcazar, El Diario:

Stopping gas exports to use it in the domestic market is neither a crazy nor rushed idea

The time of “lean cows” has arrived after two decades of “living off grandma’s inheritance.” From being exporters of natural gas, we are one step away from becoming importers of the same resource. Even with significant hydrocarbon discoveries, extraction would require at least five years. Thus, the energy and economic future looks grim and could turn bleak. Despite this, some candidates claim they can solve the crisis in 100 days, promise an additional bonus mid-year, or suggest that IMF loans will make us happy.

The revenues generated by exported gas were not reinvested in exploring new reservoirs. If they had been, we would currently be experiencing enviable economic prosperity. Thirty years ago, had we opened the door to FMC Lithco to exploit the lithium in the Uyuni Salt Flats, the country would now be a global power in utilizing that energy storage resource. But social pressures from irresponsible groups, wasteful governance, and the passivity of the people—who, despite warnings from some experts, remained with folded hands and silent voices—prevailed.

An economist well-versed in hydrocarbons suggests halting gas exports to extend the domestic market’s survival. This recommendation is harsh but not irrational. If we end up importing gas, it will cost eight times more than what the domestic market currently pays, significantly impacting household electricity generation, as 70% of electricity comes from subsidized natural gas.

The shift to a new energy matrix is more poetry than reality at present. Although it is a real commitment globally, and many countries are investing in green hydrogen, solar, wind, and hydropower, Bolivia lags far behind. Other nations are also investing in electric vehicle factories, which are almost unheard of here. Instead, diesel- and gasoline-powered vehicles are increasingly polluting the environment, multiplying both legally and illegally. In regions like Chapare, Riberalta, Yungas, and many other towns across the country, unregistered “chuto” vehicles thrive without the mandatory B-SISA fuel system required in capital cities.

We do have possible alternatives. What’s lacking is the political will, which is too focused on harmful subsidies that spoil the people and hinder initiatives that could provide genuine relief, such as promoting hydroelectric plants in the short term. These projects don’t currently attract investment since they cannot compete with subsidized natural gas.

Hopefully, this column reaches the candidates so they can present real alternatives to the energy crisis—not fairy tales or well-intentioned promises that evaporate once they are seated in positions of power. The energy crisis is not a future issue—it’s here now. Accelerated solutions are urgently needed. Please, let political campaigns focus on proposals, not circus insults or TikTok antics.

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