Since all PDVSA workers that work in comercialization of oil are on strike, have been fired or have been replaced by those in favor of the Government, PDVSA was forced to hire Pepex to sell oil for the company. Now, this is the announcement made at the Pepex website today, which appears to indiacte that PDVSA has no idea who its clients are, what financial obligations it has and what contracts it has signed. Way to go!
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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