Even the government hates government
Whether it’s fixing potholes or keeping our streets safe, pumping our oil safely or distributing its rents fairly, there is simply very little our government gets right. Like...
Economy
The glut around the corner?
CNN is reporting that other countries are joining Saudi Arabia and raising crude production in light of the prolongued conflict in Libya. The list, as you can fathom,...
Could SENIAT be pulled alive from the wreckage?
Over in Spanish, Moraima thinks so.
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...
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.
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