E.O. 12958: DECL: 01/12/2017 TAGS: EPET, ENRG, EINV, ECON, VE SUBJECT: OIL TRADING: SKELETONS IN PDVSA’S CLOSET REF: A. 2006 CARACAS 3224 B. CARACAS 183 AND PREVIOUS Classified By: Acting Economic Counselor Shawn E. Flatt… Wikileaks Reveals Deep-Seated Corruption and Mismanagement Within PDVSA
My Weekly Commentary Almost unnoticed, Chávez’s clinical condition has dramatically altered the electoral landscape for 2012. Both organizations supporting his reelection and the opposition find themselves in shock. This situation was unexpected. There’s an underlying… Chávez’s Illness Unleashes Political Chaos as Venezuela Awaits an Uncertain Electoral Future
UPDATE NOV 16, 2011: Venezuela: Congressman Carlos Ramos questions Williams F1 Finally, some good news coming out of Venezuela. The local news source Noticias24 reports today that the congressional audit committee is demanding a copy… Venezuelan Congress Probes Potentially Illegal Sponsorship Deal Between Williams F1 and PDVSA
UPDATE 16 NOV 2011: Venezuela: Congressman Carlos Ramos questions Williams F1 Finally, some positive news from Venezuela. Local news outlet Noticias24 reports that the Congress’ audit commission is requesting a copy of the sponsorship contract… Venezuela’s Congress Accuses Williams F1 of Illegally Securing PDVSA Contract
My Weekly Commentary To the President. These brief lines are meant to express the popular sentiment regarding the thoughts of the people. First and foremost, I hope you recover swiftly from your health issues. Your… Chávez’s Leadership Faces Inevitable Defeat as Revolutionary Promises Crumble
Recently, Hugo Chavez appeared before the National Assembly to deliver one of his typical speeches, lasting over 7 hours during which he hardly said anything meaningful. It was meaningless banter that thrilled his supporters, who… Hugo Chavez’s Regime Exposed: A Legacy of Deceit and Financial Ruin
The decision by President Chávez to allow PDVSA to enter into a long-term sponsorship agreement with Williams is undoubtedly a clever move and will create much-needed favorable public relations worldwide. Most analysts commenting on the… PDVSA’s Sponsorship Deal with Williams F1 Exposes Venezuela’s Dire Economic Crisis and Ethical Dilemmas
The graph on the left shows Venezuela’s Gross Domestic Product (GDP) from 1960 to 2009. GDP is defined as the total value of all goods and services produced in a country’s economy over a specified… Socialism’s Betrayal of Venezuela Exposed Through Decades of Financial Mismanagement
The question was phrased like this: “You are backed by the Venezuelan oil company PDVSA and also by the government of Venezuela. How did that come about?” This question was posed by a journalist from… Chávez’s PDVSA Funds F1 Entry While Contradicting Anti-Capitalist Agenda
The days when Hugo Chávez could be given the benefit of the doubt are long gone. In fact, the argument that Chávez “has the support of the vast majority of Venezuelans” is now outdated. In… International Community Must Confront Hugo Chávez’s Escalating Support for Terrorism and Rogue Regimes
My Weekly Comment To Henry Ramos: First, let me clarify that today’s cover is not about any phase of your privacy, but rather about the political closet; in other words, it exposes those supposedly honorable… Political Hypocrisy Exposed in Escalating Venezuelan Crisis
In response to a February 2010 report issued by the Inter-American Commission on Human Rights (IACHR) regarding human rights violations and intimidation of citizens in Venezuela based on their political beliefs, I published a joint… US State Department Issues Stark Warning Against Hugo Chávez’s Authoritarian Repression and Economic Collapse
To the brief and harsh list of life’s certainties, let’s add that socialism invariably leads nations to economic ruin. The latest case: the “Bolivarian” Republic of Venezuela under Hugo Chávez. At the beginning of this… The Economic Collapse of Venezuela Exposes the Failure of Chávez’s Socialist Utopia
Gregory Wilpert has written to clarify for me and my readers that he has not misrepresented himself. His ‘clarification’ follows: Just so you and your readers are aware: Saying that I work for Brooklyn College… Gregory Wilpert’s Denial of Complicity in Venezuelan Regime Exposed as a Fabrication of Independence
Well, it seems that US media and authorities are finally catching up with some undeniable facts about the diplomats of Hugo Chávez in the United States. The Miami Herald reports today that Martín Sánchez, Venezuela’s… U.S. Government Scrutinizes Hugo Chávez’s Diplomats Amid Growing Concerns Over Credentials and Activities