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 FeedBelow is the evolution of the average price of a barrel of the Venezuelan oil basket for the last 52 weeks. A good rule of thumb is that one dollar up or down represents US$ 1 billion more or less in revenues for the country.
Source: Bloomberg
You can now find all of the graphs I have posted since the election in the Pictures section
The Devil's Excrement 
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