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Instapundit: MEGAN MCARDLE: Chavez’s Economic Problems Turn Nasty: “For a long time I have been saying (along w…
THE ASTUTE BLOGGERS: CHAVEZ CONTINUES HIS LEFTWARD LURCH AND HIS DOWNWARD SPIRAL
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Chavez's Economic Problems Turn Nasty http://bit.ly/3CtnG 7 days ago |
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rt @libertyideals: Chavez's Economic Problems Turn Nasty #libertarian http://bit.ly/4ve8zC 8 days ago |
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Very interesting RT: @Gamdel Chavez is driving Venezuela into the ground. http://is.gd/4TQxf #politics 9 days ago |
MEGAN MCARDLE: Chavez’s Economic Problems Turn Nasty: “For a long time I have been saying (along w…
Instapundit —
... MEGAN MCARDLE: Chavez’s Economic Problems Turn Nasty: “For a long time I have been saying (along with a lot of other people), that Hugo Chavez was running his country into the ground. He diverted investment funds from PDVSA, Venezuela’s state-run oil company, into social programs. As long as the price of oil kept rising, he could do that. Unfortunately, Venezuela’s sour, heavy crude is particularly hard to get at and refine, and requires a high rate of investment in order to keep production up. As a result, the number of barrels per day (bpd) that ...
CHAVEZ CONTINUES HIS LEFTWARD LURCH AND HIS DOWNWARD SPIRAL
THE ASTUTE BLOGGERS —
... MEGAN MCARDLE: Chavez’s Economic Problems Turn Nasty: “For a long time I have been saying (along with a lot of other people), that Hugo Chavez was running his country into the ground. He diverted investment funds from PDVSA, Venezuela’s state-run oil company, into social programs. As long as the price of oil kept rising, he could do that. Unfortunately, Venezuela’s sour, heavy crude is particularly hard to get at and refine, and requires a high rate of investment in order to keep production up. As a result, the number of barrels per day (bpd) that Venezuela produces has ...
Yawn….
Daily Pundit —
Chavez’s Economic Problems Turn Nasty - Megan McArdle
The government announced some emergency measures this week, including limits on imports of air-conditioning systems, rate increases for consumers of large amounts of power and the building of new gas-fired power plants, which would not be completed until the middle of the next decade.
In other words, Commie Chavez announced confiscations, tariffs, and pie in the sky. Pretty much par for the course for communists. Epic fail from start to, um, grave.
...
Is Hugo Chavez…
neo-neocon —
…starting to run out of other people’s money?
Yet Another Communist Thug Drives Yet Another Economy in to the Ground
Blogs For Victory —
As sure as night follows day:
For a long time I have been saying (along with a lot of other people), that Hugo Chavez was running his country into the ground. He diverted investment funds from PDVSA, Venezuela’s state-run oil company, into social programs. As long as the price of oil kept rising, he could do that. Unfortunately, Venezuela’s sour, heavy crude is particularly hard to get at and refine, and requires a high rate of investment in order to keep production up. As a result, the number of barrels per day (bpd) that Venezuela produces ...
Is The Locomotive Of “Chavismo” Loosing Steam In Venezuela?
QandO —
... As Megan McArdle points out, Chavez was able to paper over much of this when the price of oil was high and revenue plentiful, but at the present price and faced with the fact that because he diverted money from the state run oil company PDVSA to fund social programs, his golden goose is on life support. And Chavez has been forced to impose ...
Things Heard: e93v5
Stones Cry Out —
Political manoeuvring in Sri Lanka.
Brains and honesty.
Economics models and predictions.
Sugars and exercise.
North and South Korea.
Chavez.
On freedom and equality.
2nd hand … smut.
A man and a birthday.
TV writers and the bike.
Suffering puppies (read to the refrains of “kill the wabbit” ringing in your ears).
Life and living from the atheist perspective. ...
