You can't put optimal oil policy on a bumper sticker
…well, not a sensible bumper sticker, anyway. Oil policy in a context like Venezuela’s is irreducibly complex. You could say you want to maximize the cash flow to...
…well, not a sensible bumper sticker, anyway. Oil policy in a context like Venezuela’s is irreducibly complex. You could say you want to maximize the cash flow to...
This has to be the most chigüiresque headline I’ve seen on a legitimate news story all year. Honestly.
So far we haven’t commented much on chavismo’s batty new Law on Fair Costs and Prices – mostly because it’s too depressing. Criticizing the economics behind it in...
Over in Spanish, Raúl Aular shows how camera angles can make a world of difference.
What would oil policy look like in a Leopoldo López presidency? 1. Lots of investment in production, geared toward making Venezuela the world’s top producer 2. Lots of...
Let’s be clear: for a country to issue a sovereign bond with an 11.95% coupon is really just a polite way of saying it’s broke. Moderately responsible individuals...
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...
Don’t miss The Great Miguel’s latest post on the dashed revolutionary hopes of the fishermen in Chuspa. It’s an amazing read.
… or so says this new paper by Javier Báez of the World Bank and Adriana Camacho of Bogotá’s Universidad de los Andes. The authors wants to measure the long-term...
Personally, I like my time sequential. Starting at the beginning and running straight through to the end. Which is why I don’t appreciate the crazy time-warpy feeling I...
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