Oil rigs are seen on Lake Maracaibo from the shore in Cabimas, in Venezuela’s western state of Zulia February 28, 2011. REUTERS/Isaac Urrutia
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.
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