Except for the person that was named today to the Board of PDVSA, the full Board of the country’s oil company resigned today. This includes the external Directors who are Chavez supporters as well as Jorge Kampkof a highly regraded executive who was also considered to be pro-Chavez. No reason has yet been given as to the reason and or/if it is related to the events in Plaza Altamira.
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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The Devil's Excrement 
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