Orinoco octane...

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See chart (click to enlarge) from the US EIA: it illustrates petrol (Finished Motor Gasoline) exports from the USA to Venezuela ('000 Barrels/Day). This incredible fact tends to support last year's opinion that Venezuela's world leading oil reserves are irrelevant. Thank's to Setty's comment for the graph. Hat-tip: Caracas Chronicles "Somehow, Bolivarian anti-imperialism requires transferring $10 million a day more or less directly from Venezuela’s poor to U.S. gasoline refiners."



P.S. And for readers of Owsblog Nick Ripe will henceforth be called the well deserved name of New Krusty.

Orinoco octane...

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See chart (click to enlarge) from the US EIA: it illustrates petrol (Finished Motor Gasoline) exports from the USA to Venezuela ('000 Barrels/Day). This incredible fact tends to support last year's opinion that Venezuela's world leading oil reserves are irrelevant. Thank's to Setty's comment for the graph. Hat-tip: Caracas Chronicles "Somehow, Bolivarian anti-imperialism requires transferring $10 million a day more or less directly from Venezuela’s poor to U.S. gasoline refiners."

P.S. And for readers of Owsblog Nick Ripe will henceforth be called the well deserved name of New Krusty.

Orinoco overflow...

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Classic: "The Upside Down World of Venezuelan Economics" [Link] in picture form (click image to enlarge). The banner promotion is 'free petrol with car wash'...they're not joking either: the petrol price hasn't changed for about 13 years and even before it was far too cheap; you may recall my latest experience of this last year when we paid a dollar for 43 litres (well, 50 cents really). Connected to this is possibly the worst solution to stop the smuggling of the cheaper-than-water fluid to Colombia: rationing?



Update: this isn't surprising either: 'Concentration and Abuse of Power Under Chávez', the Human Rights Watch report released today.

Orinoco overflow...

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Classic: "The Upside Down World of Venezuelan Economics" [Link] in picture form (click image to enlarge). The banner promotion is 'free petrol with car wash'...they're not joking either: the petrol price hasn't changed for about 13 years and even before it was far too cheap; you may recall my latest experience of this last year when we paid a dollar for 43 litres (well, 50 cents really). Connected to this is possibly the worst solution to stop the smuggling of the cheaper-than-water fluid to Colombia: rationing?

Update: this isn't surprising either: 'Concentration and Abuse of Power Under Chávez', the Human Rights Watch report released today.