OldSouth: The Venezuelan Oil Pipeline Rupture: Plenty Of Tar, Now All They Need Are The Feathers And A Rail To Ride Chavez Out On

Wednesday, February 22, 2012

The Venezuelan Oil Pipeline Rupture: Plenty Of Tar, Now All They Need Are The Feathers And A Rail To Ride Chavez Out On

From The Economist, which tells the tale.

ON FEBRUARY 4th Hugo Chávez, Venezuela’s president, held festivities to celebrate the anniversary of a failed coup attempt he led in 1992. He had busloads of public workers brought into Caracas for the occasion. Among them were high-ranking employees of PDVSA, the state oil company.

That same day, a pipeline carrying pressurised oil fractured in the state of Monagas. The crude soared 25 metres (82 feet) into the air and flowed for a full day. Anywhere from 40,000-120,000 barrels poured into a river that supplies drinking and irrigation water. Some 550,000 people now lack water at home. Although city-dwellers can fetch it from drums that PDVSA is leaving in streets, people in remote areas are going without. It may take months to clean the supply.

Venezuela has a presidential election scheduled for October...

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Since he tends to rant at times about things economic, OldSouth wishes to remind you that he is the last person on earth you should look to for economic advice, and he sure as shootin' is not handing any out, in any form, directly or indirectly. He's doing well to keep his own enterprise together, and has no wisdom to offer about yours.

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If you are inspired to do something because of something you read here, and something happy results, feel free to tell your friends and neighbors.

If you can't understand this plain language, you need to be doing something else with your time anyway, like earning your GED.

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