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.
Unknown FeedLetter from Venezuela’s Ambassador Bernardo Alvarez yesterday to the US Senator Ruchard Lugar:
“There is no threat to cut oil supplies to the US”
Minister of Energy and Oil Rafael Ramirez today in Iran:
“If the US wants to have a hostile policy towards us, then we will cut oil exports to that country”
I wonder what Alvarez understands as a threat?
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