The Devil's Excrement





  The Devil's Excrement
Observations focused on the problems of an underdeveloped country, Venezuela, with some serendipity about the world (orchids, techs, science, investments, politics) at large. A famous Venezuelan, Juan Pablo Perez Alfonzo, referred to oil as the devil's excrement. For countries, easy wealth appears indeed to be the sure path to failure. Venezuela might be a clear example of that.
Last updated:
4/2/2007; 8:33:47 PM

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Thursday, November 13, 2003


As a trained scientist I love the power of graphs. Plinio Cabrera from El Gusano de Luz plots this one based on the figures of Venezuela's oil production by the International Energy Agency. I think the graph is very powerful and it spekas for itself of the damage done to the country's oil production by the Chavez administration. Remarkably, if you add the fact that more of the production comes from private companies the plot is even worse.

(When I was writing this up, I noted that I did not have El Gusano de Luz on my links to the left!! I don't know why this happened, I was sure I had it. I know I am not perfect, but that is a big mistake, few sites such high quality contributions on our present and our future. Sorry to everyone there!!!!Hope you forgive me!!!!)


8:30:14 PM    comment []



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Last update: 4/2/2007; 8:33:48 PM.
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