It's crazy numbers day at Caracas Chronicles
So I realize it’s Friday night and nobody’s reading blogs right now, but I couldn’t let this item pass un-commented… Venezuelan oil firm to inject $45 billion into...
Economy
Global Barrel of Laughs
If you don’t already check Setty’s blog compulsively, here’s another reason to. Setty’s especially good at ferreting out online material that ought to be getting much more exposure...
The Red Apertura and the forgotten art of disarming atomic bombs
Here’s a factoid you’d do well to squirrel away: through a crazy quirk of geology, there’s more recoverable oil under Southern Guárico, Anzoátegui and Monagas States than anywhere...
Minister of the People's Power for Trash Talking About Housing
Today, housing minister Ricardo Molina called together a bunch of media for a ceremony in Táchira to deliver 48 new homes. Forty eight! Except, as Julio Borges keeps...
¡Que Ovarbaridad!
What do you call a firm that had existed for less than three months when it landed a $252 million contract to sell a PDVSA-subsidiary (Bariven) equipment that...
Bs.564 million, down the toilet
On Saturday, Chávez announced another Bs.564 million rescue to try to plug the neverending financial shortfalls facing the Nationalized Guayana industries. There’s enough candy for everyone in that piñata: Alcasa...
Electric Kool Aid Acid Guiso
You remember Chávez’s Electrical Emergency Decree, right? Signed during the blackout-prone days of early 2010, it allowed state agencies to circumvent normal public sector procurement processes to obtain...
主權? Try 賣淫
From an AVN story about a meeting Hugo Chávez held yesterday with the Chinese: “Chávez … explained that Chinese banks give out loans to Venezuela and, in exchange,...
Please, Take my Oil Company
The Venezuelan government is now facing over $40 billion in arbitration claims relating to 19 cases at ICSID, the World Bank’s arbitration panel. (A few of those claims...
Why Fonden accounting is never going to add up...
Deep in his comment section, the Satanic Bowel Movement turns up the smoking gun in the case for thinking Fonden’s books will never ever make sense to an...
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