Nomura

A benchmark for our troubles

This has been a gruesome year for Venezuela. But as our economy collapses, economists are finding it hard to assess just how screwed up we are, since Venezuela’s Central Bank refuses to publish economic data. It’s also becoming very hard to forecast how clusterfucked we’ll be in 2015. In this context, economists have to come up with whatever they can.…

cp-keystone-pipeline

Keystone XL Isn’t a Threat to the Environment; It’s a Threat to Venezuela

News filtered down this week that, to try to help hanging-by-a-thread Louisiana senator Mary Landrieu, the outgoing Senate Democratic leadership may allow a vote on the Keystone XL pipeline during congress’s lame-duck session. This would give Landrieu one more chance to suck up to her voters by … once more screwing Venezuela. The same Landrieu who…

refineria-Amuay

Go bold, go big

While we were on break, a Reuters story came out about potential buyers going on a tour of our Citgo refineries – you know, the ones we are truly, definitely not going to sell. The tour got me thinking – if the government is going to go ahead with the advice of their French svengalis and…