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description= 10 posts published by moctavio during September 2009;
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chavez, the, to, by, blog, blogs, new, 101, or, and, one, economic, plan, you, devil, excrement, archive, for, september, 2009, unknown, feed, subscribe, via, email, categories, all, miguel, octavio, blogroll, venezuelans, recent, posts, archives, pages, meta, stats, bonds, part, ii, looking, good, did, government, blink, releasing, julio, rivas, we, have, bond, two, issue, defends, praises, mugabe, it, takes, know, hugo, socialist, fascination, fixation, with, banks, an, random, decision, making, night, escape, from, realities, of, our, poor, country, show, off, style, hurts, venezuela, both, ways, venezuelan, oil, exports, usa, say, want, revolution, non,
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Text of the page (random words):
ely through venezuela nor the ones that did not secure the cylinders nor the traffic people that allow all drivers to go 30 40 above the speed limit nr the local authorities that allowed the highway to have potholes and deteriorate nor the government officials that allowed the hospitals to deteriorate we are all responsible said hugo he should be charged too to such an extent that the clarines hospital did not have the supplies to take care of those affected by the accident thus the driver becomes the chino de recadi the only man jailed in a chain of irresponsible of events where the driver was probably the weakest link to his credit he even tried to drive the truck away from clarines but the truck went into the drain 2 yesterday or the day before there was a shoot out in el valle in south western caracas a total of ten people were killed by the police el nacional page c 8 the mother of the person the police were looking for acknowledges that her son was not a saint but she says at least five of those killed were innocent some in the barrio say the cops routinely go in the barrio and kill kids at will other say the cops stole stuff from their home what kind of country have we become when the police can kill ten people like that and there is no outcry 3 the number of new malaria cases is already higher in 2009 than it was in 2008 there have been 22 183 cases so far in 2009 ten years ago there were 16 686 for the first time in twenty years there have been malaria cases detected in urban areas in 1999 there was a whole department in charge of containing malaria that department was shut down in 2001 its programs dismantled i really have no idea if they are back malaria used to be a priority dengue too the number of deaths from dengue is up 31 year over year and these are official numbers the real numbers from swine flu are anybody s guess the country has one of the lowest incidences per inhabitant in latin america according to official figures 4 the venezuelan federal medical association says that it is not 2 000 barrio adentro modules that are closed but 4 800 so much for the showcase of the chavez administration 5 in the proposed weapons law citizens may only buy up to 50 bullets a year i guess they want the estimated 6 million weapons to be limited to killing the whole population of venezuela 6 according to ong s provea and espacio publico both with impeccable credentials there have been 2 079 protests so far this year in venezuela of these 130 have been repressed by the authorities those repressed yielded six people killed 461 injured and 440 people jailed 70 of the protests are labor related but the pattern seems to be independent of the type of protest this is the venezuela that according to chavez will change the world this is the socialism that will be expanded everywhere this is the bizarre country that we are putting up with and living in so dance with miss venezuela and or watch hugo lie in cnn we have got to escape somehow truly bizarre posted in venezuela 29 comments the chavez show off style hurts venezuela both ways september 23 2009 everyone knows that hugo chavez likes to show off he loves a red carpet a bombastic claim an outrageous promise he makes announcements daily most of which stay just at that part of the daily fantasy of hugo chavez the egomaniac the fantasy man that lives off announcing anything he goes on foreign trips where he signs dozens of agreements most of which are shelved as soon as he leaves without any follow up the problem is that this works both ways he has announced the construction of seventeen or is it eighteen refineries that have never panned out but recently there have been four announcements that may have some truth to them but are handled in such shoddy and strident way that in the end one has no clue if they are true or not it used to be that any oil exploration and production project had to go through the national assembly even if chavez can get anything through the assembly faster than a speeding bullet he does not even care for such details the hugo chavez show must go on and there will not be any discussion of the details ahora pdvsa es de hugo chavez in russia for example chavez signed a deal by which russia would invest us 16 billion in the orinoco oil belt chavez signed an agreement on it and said that the pdvsa russia project would set up an upgrading plant that would produce 450 000 barrels of oil no time frame was given for completing it no details of the contract nothing if true the contract would have given a boost to venezuela s debt but why bother it s the show that counts from moscow chavez went to madrid he decided to go to a bookstore to buy some reading material to occupy his time when he is not talking by chavista chance he happened to run into the president of repsol at the bookstore and proceeded to have a conversation with him that sounds too good to be true with one well a miracle of spanish engineering repsol was able to estimate that the natural gas field it is exploring is 33 squared kilometers in size and one of the biggest natural gas fields in the world i am sure there is evidence that there is lots of gas but the fact that only one well has been drilled that little is known about the gas in it and that it was announced in such a non standard fashion means that the announcement has little credibility at this time exerts tell me that even if the whole enchilada was true it would not be until 2016 that this project would contribute to pdvsa s bottom line anyway chavez then came home to check on his economic non plan and announced that he had signed a project with the chinese to produce 450 000 more barrels of oil from the orinoco oil belt and that the chinese oil company would invest us 20 billion within three years to produce another 450 000 barrels of heavy crude from the orinoco but then it was not clear was this an agreement that was reached or did venezuela really sign something without anyone knowing the details because lots of question arise some are basic why does it cost the russians us 16 billions to produce 450 000 barrels of oil a day while it will cost the chinese us 20 billion just asking and there are others for example is this the total investment if so where is pdvsa going to find the money for its 60 stake in each project that is if the russian and chinese oil companies will participate in us 36 billion worth of partnerships then pdvsa will have to contribute 60 or us 21 6 billion how can a company that can not even pay its suppliers and contractors us 5 billion it owes them come up with that amount of money of course it may be that the russians and chinese are willing to lend pdvsa its share just so that they can learn about heavy oil upgrading and production neither of them have experience in this but since no details were given we just don t know once again if true this would be great news for venezuela just the idea of us 36 billion being spent in the country in the next three years would be an incredibly positive development but wait can you really build a 450 000 barrel a day heavy oil upgrader in the orinoco oil belt within three years well it doesn t seem very feasible the old cerro negro sincor petrozuata heavy oil projects took a minimum of five years to start production to get and they were smaller and developed by companies that had experience in heavy crude production and upgrading so once again if half of the whle thing was true it would be great but the lack of detail colors everyone skeptical on all this sounds like another lost opportunity and then just when people are starting to feel that this whole set of showy announcements by hugo chavez may be be a boost to venezuela for the next few years comes this extremely solid and positive announcement by eulogio del pino vice president for exploration and production of pdvsa that pdvsa and france s total plan to spend us 25 billion on another upgrader in the orinoco oil belt including technical details and all except that total rained on the pdvsa parade by issuing a press release saying that oil projects with venezuela are plans not facts which by now makes everyone a skeptic sadly there has to be some truth to some of all this even a fraction of what has been announced would make venezuela s and pdvsa s debt go up which means that both could get cheaper financing in the future and cheaper financing means more funds for venezuelans there are rumors that the government will sell us 4 billion in bonds next week in a 2019 and a 2024 issue to be sold locally for bs but no such luck because besides chavez desie to be in the limelight showing off he relies on a bunch of people that suck up to gim and ramirez who have to keep pleasing him whether what they say is true or not so even before the anything is finalized they make announcements about things that are not even off the drawing board like total s project and in the end screw up regular venezuelans who get no health care have to buy more expensive items or do not receive the social serives they need simply because the hugo chavez show must go on and that is all that matters posted in venezuela 3 comments venezuelan oil exports to the usa you say you want a revolution september 22 2009 you have to love this graph of the percentage of venezuelan exports to the us by ramon espinasa which was published in today s el mundo as you can see 74 of the country s oil exports go to motorize the evil empire an all time high proving the beatle s wisdom when they said you say you want a revolution oh well you now we all want to change the world posted in venezuela 22 comments chavez economic non plan september 21 2009 after wondering arguing discussing and waiting we finally have chavez economic plan only six months late or do we let s see there will be 40 measures but chavez could not keep his own secret and leaked some of them among them already implemented six ministers of the cabinet have received an upgrade and have become vice presidents so that in chavez words we can have a more political cabinet than administrative one is he kidding us does he think that 2 000 barrio adentro modules have no doctor because of political rather than administrative matters and on top of that the people are the same ones that have been incapable of doing anything but let s not get hung up on this after all this is the easy measure already decreed sworn in more assistants higher salaries and the like meaningless the next measure an employment program jeez chavez got frustrated in 2004 with about eight employemnet programs that never panned out i guess he is willing to give a try to another failure next we will sell a bond to lower the lowered parallel market i guess the most significant part of this was that chavez not only acknowledged the existence of that other market which is legal but that he admitted that the government had lowered it according to el nacional the government injected us 300 million this week i hear it was us 350 million it does not matter that rate is simply not sustainable either you give cadivi money or the swap market both it is simply not possible as to the bond most previous issues have been atomized in such fashion that they have only lowered the swap rate psychologically up to the date of the bond allocation and given international markets us 3 4 billion may give markets indigestion in any case issuing a bond is not a plan it is like giving aspirin to someone that has swine flu monetary liquidity stands at us 103 billion reserves at us 33 billion see the problem liquidity keeps going up reserves stay around us 30 billion what happens when liquidity reaches us 200 billion or us 300 billion i don t know when this bubble explodes but it will and the result will be ugly very ugly while it doesn t inflation is at 30 i wonder if anyone has explained to hugo what this mean to the people next cadivi will give more money to importers jeez this is like the doctors in barrio adentro we have been hearing about cadivi giving more money to importers for months but nothing happens is this an administrative or a political decision and the final part of the plan that we know about is that the misiones will be revived which actually depends more on the administrative than on the political cabinet but chavez seems to think the second one is more important in the end this is an economic non plan these are so far just a bunch of measures all disjoint aimed at trying to reduce some distortions in the economy but they are not part of a plan that attacks the problems of the distortions in the venezuelan economy in the end it is all political for chavez unfortunately for him if oil stays at current levels a year from now none of these measures would make a difference on the contrary these are all superficial and temporary measures whose effects will dissipate even before the end of 2009 to the chavez cheerleaders i tell them try living on minimum wage with 30 inflation and tell me the venezuelan economy is doing fine as for oil the chart looks positive it seems ready to break 75 bucks if it does not watch out hugo posted in uncategorized venezuela 10 comments older posts september 2009 m t w t f s s 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 aug oct unknown feed an error has occurred the feed is probably down try again later subscribe to blog via email enter your email address to subscribe to this blog and receive notifications of new posts by email email address subscribe join 1 851 other subscribers categories digressions dissidentmilitary el excremento del diablo granmalies latinamerica maletagatetrial orchids pictures posters requena files rr models stanford bank tascon s fascist list technology the fable the fonden papers the opposition candidates uncategorized venezuela all blogs by miguel octavio el excremento del diablo miguel s charts miguel s orchids the devil s excrement 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