Crude Oil Brent

The predators from Riyadh

Yesterday, French economist Jean Tirole won the Nobel Prize in Economics for his work in understanding imperfect markets such as monopolies or oligopolies. Personally, Tirole has been a huge influence in how I view the world. His graduate-level textbook on Industrial Organization remains, to me, the standard in the field, even though it is getting…

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Almost one

On the heels of Nicolás Maduro’s absurd attacks on Ricardo Hausmann and Miguel Ángel Santos, today we hear from Harvard professors Carmen Reinhart and Kenneth Rogoff on the issue of Venezuela. In a blistering piece for Project Syndicate, they address the main issue in Hausmann and Santos’ controversial article: that Maduro has defaulted on Venezuela’s domestic obligations…

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Are we ready? Of course not

I don’t want to cause panic, folks, but reading stories like the one about the nurse who contracted the ebola virus in Madrid doesn’t help quell collective nerves. Heck, even in Dallas they appear to have screwed up. These stories brought me back to a conversation I had the other day with a friend who owns…

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Citgo on the block again?

As pundits mull Venezuela’s big win in yesterday’s ICSID ruling on the ExxonMobil case (don’t miss this interesting comment from Venetexan), the Maduro administration continues to ponder what to do about Citgo. A few weeks ago, Maduro himself had suggested that the Citgo sale privatization was a no-go. But yesterday, Reuters said our friendly French bankers have asked for more…