The Long View on Oil-to-China

Over on Global Barrel, Tom O’Donnell makes the case that the Venezuela-China oil relationship has now reached a kind of critical mass that will keep it going far into the future, regardless of the politics on either side of the Pacific. Soon, Venezuelan oil will not be shipped to China simply to fulfill financial-and-contractual obligations, but…

So, how did we get screwed this Semana Santa?

Ah, the holiday-smoke-screened Fuck-You Decree: it’s almost as much a Venezuelan Easter Tradition as enormous traffic jams and Bipolar Pisillo. This year, Chávez stuck to the classics. Nothing fancy, just a good, old fashioned nobody’s-reading-newspapers-this-week massive money grab. With Venezuelan oil export prices topping $108/barrel, Chávez signed a decree to grab 95% of windfall profits on…