Annals of Goal Post Locomotion

In 2008, PDVSA said they planned to produce 5.8 million barrels per day by 2012. In 2009, it was 4.9 million b/d by 2013. In 2010, they pledged...

In 2008, PDVSA said they planned to produce 5.8 million barrels per day by 2012.

In 2009, it was 4.9 million b/d by 2013.

In 2010, they pledged 4.46 million b/d in production by 2015.

Now they’re saying they’ll get to 4 million b/d by 2015.

…and if it wasn’t for Setty, we wouldn’t even hear about it.