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Venezuela’s PDVSA: The
World’s Worst Oil Company

Zero Hedge, by Steve H. Hanke

Original Article

Posted By:PageTurner, 4/14/2017 7:06:57 AM

My Misery Index for 2016 placed Venezuela at the unenviable top spot – the world’s most miserable country. However, to gain a real appreciation of the depths of Venezuela’s socialist disaster, we must look under the hood of Petróleos de Venezuela (PDVSA), Venezuela’s state-owned oil giant. After all, PDVSA is, for all practical purposes, Venezuela. Indeed, PDVSA accounts for virtually all of Venezuela’s foreign exchange earnings (93% over the past 5 reported years). An understanding of the workings of PDVSA requires a good grasp of petroleum economics, a field I was introduced to many years ago, when I was on

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Venezuela’s PDVSA: The
World’s Worst Oil Company
Zero Hedge, by Steve H. Hanke    Original Article
Posted By: PageTurner- 4/14/2017 7:06:57     Post Reply
My Misery Index for 2016 placed Venezuela at the unenviable top spot – the world’s most miserable country. However, to gain a real appreciation of the depths of Venezuela’s socialist disaster, we must look under the hood of Petróleos de Venezuela (PDVSA), Venezuela’s state-owned oil giant. After all, PDVSA is, for all practical purposes, Venezuela. Indeed, PDVSA accounts for virtually all of Venezuela’s foreign exchange earnings (93% over the past 5 reported years). An understanding of the workings of PDVSA requires a good grasp of petroleum economics, a field I was introduced to many years ago, when I was on

   

 

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Venezuela:Socialist Mob Assaults Archbishop
of Caracas During Holy Week Mass
Breitbart National Security, by Frances Martel    Original Article
Posted By: PageTurner- 4/14/2017 6:27:47     Post Reply
A mob of supporters of Venezuela’s socialist dictator Nicolás Maduro stormed a Catholic Mass celebrating Holy Week on Wednesday, assaulting Archbishop of Caracas Cardinal Jorge Urosa Savino, injuring both believers attending the mass and media recording the scuffle, and reportedly looting the church. The incident took place at Santa Teresa Basilica, following the traditional procession of the Nazarene of St. Paul in the nation’s capital. El Universal, based in the capital, reports that those attending the Mass identified the individuals storming into the basilica as supporters of Maduro’s, as they attacked

Secret Service fires two agents
connected to March intrusion
CBS News, by Staff    Original Article
Posted By: PageTurner- 4/14/2017 2:18:57     Post Reply
Members of the Secret Service Uniformed Division patrol alongside the security fence around the perimeter of the White House in Washington March 18, 2017. Saul Loeb/AFP/Getty Images The Secret Service on Thursday fired two agents who were involved with an incident at the White House when a man jumped the fence and wandered the ground for 16 minutes, CBS News’ Andres Triay reports. The Secret Service issued a statement saying the investigation into the incident is ongoing, but they do not comment on personnel matters. On March 10th, the Secret Service arrested Jonathan Tran, 26, of Milpitas, California, who had gotten close to the

As FBI probe continues, Trump
says it’s ‘not too late’ to fire Comey
MSNBC, by Steve Benen    Original Article
Posted By: PageTurner- 4/12/2017 5:54:09     Post Reply
In an interview with Fox Business’ Maria Bartiromo, Donald Trump was asked about “Obama-era staffers” that continue to serve in the executive branch. As the Washington Post reported, one official in particular stood out as important. President Trump said in an interview aired Wednesday morning that he has “confidence” in FBI Director James B. Comey, but it was “not too late” to fire him. Trump has long sent mixed signals on Comey and the bureau director’s future in government, though his comments to Fox Business Network’s Maria Bartiromo are especially important because Comey has now confirmed that the bureau is investigating possible

Israeli defense chief ‘wouldn’t be
surprised if somebody assassinates Iranian president’
RT News, by Staff    Original Article
Posted By: PageTurner- 4/11/2017 8:47:40     Post Reply
The murder of a top Hamas operative last month was an inside job, Israel’s Defense Minister has claimed, adding he would “not be surprised” if “somebody” eventually assassinates one of the fundamentalist organization’s most ardent supporters – the president of Iran. Following the shooting of senior Hamas member Mazen Faqha in the Gaza Strip in late March, the Palestinian liberation movement went on to blame Israel for the assassination, vowing a “divine punishment” to his assassins. While Hamas´ internal investigation into the assassination was reportedly completed, Israel´s Defense Minister Avigdor Lieberman told the Yedioth Ahronoth newspaper, that internal assassinations are characteristic of

Swamp Diving: The EPA´s
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American Thinker, by John Dunn and Steve Milloy    Original Article
Posted By: PageTurner- 4/11/2017 9:29:08     Post Reply
The authors have written numerous essays since 2010 for American Thinker on California´s Environmental Protection Agency (Cal EPA)´s and the U.S. EPA´s scientific misconduct related to air pollution human effects science, and more recently on the discovery that the U.S. EPA was sponsoring and paying for illegal and unethical experiments exposing human subjects, even children, to small particle air pollution at high levels. Small particles originate from natural and man-made sources, such as dust, smoke, and engine and industrial emissions. The U.S. EPA claims that small particles are toxic and lethal and cause cancer.

   

 

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The Pigpen Left: Dead body
found in DAPL protest debris
American Thinker, by Monica Showalter    Original Article
Posted By: PageTurner- 4/11/2017 9:13:30     Post Reply
With the snows melting in icy North Dakota, the mounds of frozen garbage left by far-left Dakota Access Pipeline (DAPL) protestors are finally being cleared. What should the police find in all those acres of debris? A dead body, not surprisingly, nestled among all the garbage-barge-like flotsam and jetsam such Occupy-inspired campout protests always leave in their wake. The body was of a California man who hung out at protests as an ´activist´ and who had been reported missing by his stepbrother last October. It was found in the Cannonball River

So why did Isis pick St. George´s
Church to strike in Egypt?
American Thinker, by Monica Showalter    Original Article
Posted By: PageTurner- 4/10/2017 11:26:19     Post Reply
Terrorists struck two Coptic Christian churches in Egypt on Palm Sunday, killing 46 or so people at worship, and outraged the entire world. Isis claimed ´credit´ for the unusually heinous attack, both in lethality, and in its demon-like rage against the sacred. Exorcists say an inability to tolerate the sight of anything sacred is a sign of demon-possession. It might say something about Isis. It leads to the question of why they pick the targets they do. Terrorists are known for an obsession with signs and symbols - they like to strike on anniversaries, and they hit places of significance, whether capitalism

She’s Always True to the
Democrats in Her Fashion
American Thinker, by Clarice Feldman    Original Article
Posted By: PageTurner- 4/10/2017 11:23:36     Post Reply
It seems that everything in the Washington Post been designed to advance Democrats and deride and embarrass their opponents. The nastiest examples of these are the work of Robin Givhan, the paper’s fashion editor. Her cruelty and bias has been evident for years. If the Pulitzer prizes had any shame, they’d blush at having given her an award in 2006 for "witty, closely observed essays that transform fashion criticism into cultural criticism." Yes, on notable rare occasions she pokes fun at Democrats as she did in a 2007 piece mocking a V-shaped neckline Hillary wore. On the other hand, she absolutely

The Rotten Obama Record -- and Legacy
American Thinker, by David Prentice    Original Article
Posted By: PageTurner- 4/10/2017 11:21:34     Post Reply
There is an excellent cartoon showing a circle of people surrounding Barack Obama, guarding him, preventing anyone from bringing him harm. An observer asks if those people are the Secret Service. The answer: No, that’s the media. I don’t think there is a better portrayal of the Obama legacy. This cartoon succinctly communicates how this man gained office, kept it, and remained popular. The Obama phenomenon had a complex side, but the most complex and nefarious part was the unwillingness of the mainstream media to criticize, or bring up any hint of wrongdoing on his part. From the beginning, our media

Bill Clinton tweets about
visiting Bushes in Houston
Associated Press, by Staff    Original Article
Posted By: PageTurner- 4/10/2017 3:32:00     Post Reply
NEW YORK -- Former President Bill Clinton has been spending some time with former President George H. W. Bush and wife Barbara in Houston. In a tweet on Sunday, Clinton said they "caught up about kids, grandkids, old times and new times. And socks." Clinton also showed a photograph of him giving pairs of socks to the 92-year-old former president, who is seen sitting in a wheelchair. In January, Bush was hospitalized for two weeks for treatment for pneumonia. Bush has a form of Parkinson´s disease and uses a motorized scooter or a wheelchair for mobility. He served as president from 1989 to 1993.

   

 

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The vanishing Japanese
American Thinker, by Thomas Lifson    Original Article
Posted By: PageTurner- 4/9/2017 2:25:10     Post Reply
When the United States defeated and occupied Japan after World War 2, lowering the country´s birthrate was a major priority. The conventional wisdom of the day was that overpopulation was a root cause of Japan´s military aggression, so measures to reduce the birth rate were a major priority. Abortion was legalized, and a comprehensive propaganda campaign was launched, with media (fully under control of the occupation) depicting large families as unhappy and two children as ideal. Over the course of a few years, the birthrate sharply declined and then continued to decline more slowly. Meanwhile, as the average age rose,



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