The cost of Venezuela's oil discounts
$100 billion. That’s how much oil discounts have cost Venezuela since 1999, according to estimations by a group of oil researchers who go by the name of Subaeshi....
Economy
The BusCaracas that never comes
Travel in and out of Puerto Cabello and you’ll pass in front of the local Airport and the Naval Base next door. In recent months, you’ll have noticed...
The Aban Pearl Stew
Remember the sinking of the Aban Pearl exploration rig off the coast of Sucre State back in April 2010? Turns out there was a massive corruption guiso behind...
Perhaps the world's richest deposit of arbitration processes
The sprawling farce that is the Las Cristinas gold mine sunk to a new low yesterday, as Rusoro, the Russian firm that had been brought in to take over...
The only place in Venezuela without budget shortfall
Last week, the governors of the largest Venezuelan states (all of them part of the opposition) unsuccessfully asked for a meeting with President Hugo Chavez to discuss the...
Rationing as fodder for research
The government is implementing gasoline rationing in Venezuela’s border states. The way they are doing it is by installing a chip on each vehicle. The idea is to...
No longer just about opportunity cost (Updated)
“We shouldn’t have to pay market prices for gasoline, we’re an oil-producing country.” We’ve all heard the above argument. We all know it makes no sense. Still, it’s...
Don't relaunch Ipostel, instead let it go or just reboot it
In the digital world of today, the old-fashioned mail service continues to be neccessary for many, but its main priority is not longer letters or bills but to...
Permuta Redux
From the moment the government cracked down on the old dollar “swap market” (a.k.a., the permuta) back in May 2010, it was perfectly clear that something very much...
Once upon a time, there was a dog track in Margarita
In the late 80’s, my dad took me and my sister on holiday to Margarita. We drove all the way to Puerto La Cruz and then ferried to...
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