Malaysia's Petronas to PDVSA: Buh-bye
Malaysia’s Petronas is withdrawing from the Petrocarabobo oil fields in the Orinoco Heavy Oil Belt, citing irreconcileable differences with the government. The money quote from the Reuters piece:...
Juan Cristobal Nagel
Teaches Economics at Universidad de los Andes in Santiago, Chile. Former editor of Caracas Chronicles.
No good faith
The World Bank’s ICSID Arbitration Panel ruled a few days ago that Venezuela lacked “good faith” and did not adequately compensate ConocoPhillips for the seizure of the latter’s...
I-guana blame the right wing for this
A super-massive blackout is currently hitting large chunks of Venezuela. Surprised? Probably not. But Nicolás Maduro sure is surprised. The President has gone to Twitter to call the...
Why doesn't the opposition say more about Syria?
Nicolás Maduro is highly supportive of Syria’s dictatorial mass-murderer Bashar el Assad. He has sent subsidized diesel to Syria. At one point, there was even a nonstop Caracas-Damascus...
What Quico should learn from David Cameron
I’ve been mulling Quico’s unusual screed from the other day, in which he harshly criticized Henrique Capriles and wondered out loud how long he was going to last...
The phantom bike menace
We’ve been hearing as of late that SICAD dollar auctions were being used as stopgap measures to avoid scarcity for particularly sensitive items. For example, many SICAD dollars are...
Someone to watch over them
Reading this great post by Setty, it strikes me that there is real ingenuity and entrepreneurship in Venezuela. It’s too bad it’s often used for things such as...
Violence instead of healing
Another day, another violent incident against a hospital worker in the hands of chavista thugs. This one happened at the UCV Medical Center. I detect a pattern here....
The roadmap, part II: welcome to the world
(This is the second in a series of posts on where Venezuela stands on the list of characteristics shared by high-growth economies, as highlighted in The Growth Report;...
Death at a maternity
Once in a while, the bizarro-meter in Venezuela reaches such elevated heights, you have to catch your breath. Case in point: this short Globovisión news item on the...
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