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; 9:23:09 PM

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Thursday, August 11, 2005



I still can't get over the fact that Venezuela will give cheap financing for the Uruguayans to buy oil from Venezuela. I am revisiting this topic because I thought it was a joke the first time I heard it. A country with 68% poverty and a GDP per capita of $4,000 per year, will subsidize oil for a country with a GDP per capita of US$ 12,000. Can that make any sense? Why not ask for the same deal in return? Maybe Uruguay could send us meat, which they produce a lot of and of very high quality, under the same financial terms to Venezuela. Would they? Of course not, they can sell it for full price at the international markets (or even to Venezuela) and they feel no need to feed poor Venezuelans in contrast with our President who will subsidize Uruguayans going to Punta Del Este this summer. They can sure use it, with two star Hotels at 160 bucks, cheaper gas can ease the pain on those poor Uruguayans getting a tan at the beach down there during their month-long summer vacation. Meanwhile the majority of their Venezuelan counterparts are up here, getting a daily tan as they walk down the barrio, no car, no public transportation either, for a job that pays a minimum salary comparable to a night at that Hotel in Punta del Este. Hey! since we are down there expressing our solidarity, maybe we can buy their crappy airline too and solve that silly problem for them too. Next stop: Venezuela helps out Malaysia with its problems. No, No, let's help those people from Singapore, they really need it! .

8:02:13 PM    comment []



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Last update: 4/2/2007; 9:23:10 PM.
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