Oil Sky-Rockets, Venezuelan Bonds Plunge
It takes a minute or two to fully absorb this Bloomberg chart: It shows the correlation between oil prices and Venezuelan sovereign bond prices. Venezuela’s ability to pay...
Economy
Revolutionary Priorities
The blue bars are the government’s 2011 spending budget. The orange bar is our estimate of the opportunity cost of selling gas below the world price.
In a perfect world
A Venezuelan newspaper would find a dogged, talented journalist and give him/her a research budget, six months and enough exposure to blow the top right off of a story...
Things that are scarce
I hate to discuss this, but it’s so shocking it needs to be told. Apparently the latest thing you simply cannot find in Venezuela’ shelves is … sanitary...
The Oil Numbers and the A Priori Trap
You should read this. Honestly, you should. Why? Because, in Venezuela, few numbers are either as important or as opaque as PDVSA’s total production and exports. It’s a...
Wonky. Specific. Bread-and-butter Centered. Straightforward.
I think Julio Borges’s attacks on Chávez’s foreign largesse are getting more and more effective: with the $13.5 billion Venezuela sends abroad in various subsidized oil schemes to bolster...
Boiling it down
In Caracas Chronicles en Español CronicasDeCaracas.net: the transition in three bullet points.
Enlace Venezuela: Getting Serious About The Day After
In this special guest post for 23 de enero, Jose Ramón Morales Arilla announces an exciting initiative to start in on some serious planning for What Comes Next:...
Deconstructing Giusti
Do not miss Setty’s epic post on Luis Giusti and the brewing scandal at Colombian private oil company Alange Energy. It’s compelling and – despite Setty’s best efforts...
Red with envy
Hugo Chávez likes to boast that he is some sort of innovator when it comes to social policies and that the opposition has no answers. Never mind that...
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