A reader
writes from abroad:
“Yesterday
I went to the Offshore Technology conference
(OTC) and I felt ashamed for the stand of PPTSA (The new PDVSA derogatory nickname).
It was the only one that had a music group playing (because of the noise of the
group, it would have been impossible to talk business, even if you had been
interested) and there was a racing car whose sponsor was CITGO, a company that
is not too relevant for the audience of the OTC. Pretty girls and a group of
unknown officials completed a scene that looked thirdwordly and from an era we thought
we had overcome.”
“I work
with heavy crudes, where I am in touch with former PDVSA people working for companies in Mexico, Canada
and the US.
What most of these companies lack to close the cycle is to buy CITGO and destroy
the 25 years of market integration that PDVSA had accomplished.”
The Devil's Excrement 
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