Monday, May 17, 2010

The week oil offshore search and bolivar value hit rock bottom

The bolivar coin  to the platform: "Welcome!"
This week we missed a few important news in this blog.  Fortunately Weil summarizes in a single cartoon what would take me pages to narrate: the importance of the sinking of a Venezuelan off shore platform and the sinking of the bolivar value as the government simply forbade the swap market or parallel dollar trade once the psychological barrier of 8 to the USD was crossed (it will go much higher now that the Dollar has been thrown to the black market, but that is another story).

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