The predators from Riyadh
Yesterday, French economist Jean Tirole won the Nobel Prize in Economics for his work in understanding imperfect markets such as monopolies or oligopolies. Personally, Tirole has been a...
Economy
Graph of the day
I’m not sure what the calculations were to get at this number, but the figure is significantly lower than Monaldi’s estimate of $200 as a breakeven price. Regardless,...
Citgo on the block again?
As pundits mull Venezuela’s big win in yesterday’s ICSID ruling on the ExxonMobil case (don’t miss this interesting comment from Venetexan), the Maduro administration continues to ponder what to do about...
ICSID says Venezuela owes Exxon $1.6 billion
That’s what Bloomberg’s Nathan Crooks is reporting. Exxon was suing Venezuela for compensation stemming from Hugo Chávez’s forced nationalization of its assets. We’ll see how the market interprets this ruling.
Revolution at 45%, and dropping
I concur with Setty: this talk by experts Daniel Kerner of Eurasia Group, Chevron’s Ali Moshiri, and our friend Francisco Monaldi of Harvard is well worth your time. It...
Venezuela's encripted devaluation
An obscure document was published yesterday by Venezuela’s Central Bank (BCV), allowing PDVSA to sell the dollars it makes via oil exports to the BCV for deposit into...
Shortage of excuses
It is rather irresponsible to make harsh statements without hard data to sustain them (thank you, Central Bank!), but we are going to go out on a limb and...
Les fraudeurs
Yesterday we learned – via the increasingly indispensable Marianna Párraga – that PDVSA is selling the refinery it owns in the US Virgin Islands. This comes on the heels of the almost certain...
A matter of keeping your priorities straight
After tons of criticisms and complaints, CENCOEX – the replacement to currency distributor CADIVI – has finally received praise for doing things right on time. Was it for food supplies? For...
Adiós, Miami: a Caracas Chronicles film review
(This is a guest post by a longtime reader, who has fittingly chosen the pseudonym Old Parr) Adiós, Caracas A couple of days ago, as Juan Cristóbal Nagel...
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