Obama Unleashes Earthquake-Causing Death-Ray on Unsuspecting Haiti

By: Steve Maley (Diary)  |  January 22nd at 04:13 PM  | 

Proving that running a country requires more balls than brains, ladies and gentlemen, I give you noted earth scientist and Venezuelan Capo for Life Hugo Chavez: Consider this an open thread.

Uncle Hugo Plays Hardball With U.S. Drilling Firm

By: Steve Maley (Diary)  |  January 31st at 11:29 AM  | 

The downturn in energy prices is putting a cash flow squeeze on all producers, including the national oil companies. Many of them made long-term commitments to use equipment at dayrates reflective of $140 oil. Now, with oil at $40/bbl, those commitments made a mere 6 months ago seem short-sighted. Petrosucre, a joint venture of Venezuela’s state-owned oil company PdVSA and Italian giant ENI, entered in | Read More »