<![CDATA[Hedgehogs.net: '' related content]]> http://www.hedgehogs.net/tag/rafael+ramirez?view=rss http://www.hedgehogs.net/pg/newsfeeds/hhwebadmin/item/11359886/smuggling-in-venezuela-the-wild-frontier Sat, 23 Aug 2014 05:30:21 +0100 http://www.hedgehogs.net/pg/newsfeeds/hhwebadmin/item/11359886/smuggling-in-venezuela-the-wild-frontier <![CDATA[Smuggling in Venezuela: The wild frontier]]>
Cheaper than water
VENEZUELA’S western border is a smuggler’s paradise. Everything from rice to cement finds its way over the frontier into Colombia. The most lucrative trade of all is in petrol: Venezuela’s energy minister, Rafael Ramírez, reckons the equivalent of 100,000 barrels a day of oil is smuggled out of the country.The cause is a battery of state subsidies and price controls in place in Venezuela, which also maintains a heavily overvalued currency. Petrol in Venezuela is so cheap that an entire 50-litre (11-gallon) car-tank can be filled for well under $1, or less than six cents at the black-market rate. Over the border, gasoline costs about $1.20 a litre. The government says it loses to smuggling 40% of the subsidised food that it supplies to state-owned grocery stores. The economic impact runs to several billion dollars a year.On August 11th, in the latest attempt to plug the leaks, Venezuela began nightly closures between 10pm and 5am of its 2,200km (1,400-mile) border with Colombia. Heavy-goods traffic in the border area is now banned for 11 hours a day, starting at 6pm. The army says it has deployed 17,000 troops to...

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http://www.hedgehogs.net/pg/newsfeeds/hhwebadmin/item/11276260/venezuela-renews-5-bln-china-credit-line-seeks-russia-financing Sun, 09 Mar 2014 07:22:23 +0000 http://www.hedgehogs.net/pg/newsfeeds/hhwebadmin/item/11276260/venezuela-renews-5-bln-china-credit-line-seeks-russia-financing <![CDATA[Venezuela renews $5 bln China credit line, seeks Russia financing]]> 11276260 http://www.hedgehogs.net/pg/newsfeeds/hhwebadmin/item/11256689/venezuela-devalues-bolivar-by-another-44-for-some-still-600-higher-than-black-market-due-to-50-inflation Thu, 23 Jan 2014 14:18:29 +0000 http://www.hedgehogs.net/pg/newsfeeds/hhwebadmin/item/11256689/venezuela-devalues-bolivar-by-another-44-for-some-still-600-higher-than-black-market-due-to-50-inflation <![CDATA[Venezuela Devalues Bolivar By Another 44% For Some, Still 600% Higher Than Black Market Due To 50% Inflation]]> Less than a year ago, Venezuela shocked the world when it launched the "first nuke" in the ongoing currency wars (which despite having dropped off the front pages, have certainly not ended), by devaluing its currency, the Bolivar from 4.30 to the USD to 6.30, in the process crushing the profits of many companies that operate(d) in the TP-deprived socialist paradise (which as we reported earlier is about to experience food shortages).

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http://www.hedgehogs.net/pg/newsfeeds/hhwebadmin/item/11231268/venezuela-to-send-reasonable-oil-exports-to-us-more-to-asia Sat, 30 Nov 2013 02:40:05 +0000 http://www.hedgehogs.net/pg/newsfeeds/hhwebadmin/item/11231268/venezuela-to-send-reasonable-oil-exports-to-us-more-to-asia <![CDATA[Venezuela to Send Reasonable Oil Exports to U.S., More to Asia]]> 11231268 http://www.hedgehogs.net/pg/newsfeeds/hhwebadmin/item/11230579/commodities-briefing-venezuelas-oil-minister-opec-must-accommodate-iran-supply Fri, 29 Nov 2013 23:49:49 +0000 http://www.hedgehogs.net/pg/newsfeeds/hhwebadmin/item/11230579/commodities-briefing-venezuelas-oil-minister-opec-must-accommodate-iran-supply <![CDATA[Commodities Briefing :- Venezuela's oil minister: OPEC must accommodate Iran supply]]> Article Link]]> 11230579 http://www.hedgehogs.net/pg/blog/Nisha/read/11230185/commodities-briefing-venezuelas-oil-minister-opec-must-accommodate-iran-supply Fri, 29 Nov 2013 01:06:01 +0000 http://www.hedgehogs.net/pg/blog/Nisha/read/11230185/commodities-briefing-venezuelas-oil-minister-opec-must-accommodate-iran-supply <![CDATA[Commodities Briefing :- Venezuela's oil minister: OPEC must accommodate Iran supply]]> Article Link]]> 11230185 http://www.hedgehogs.net/pg/newsfeeds/hhwebadmin/item/10920132/venezuela-to-create-new-parallel-exchange-rate-ramirez-says Thu, 14 Mar 2013 05:25:38 +0000 http://www.hedgehogs.net/pg/newsfeeds/hhwebadmin/item/10920132/venezuela-to-create-new-parallel-exchange-rate-ramirez-says <![CDATA[Venezuela to Create New Parallel Exchange Rate, Ramirez Says]]> 10920132 http://www.hedgehogs.net/pg/newsfeeds/hhwebadmin/item/10914772/venezuela-plans-new-measures-to-improve-dollar-supply Thu, 14 Mar 2013 01:14:05 +0000 http://www.hedgehogs.net/pg/newsfeeds/hhwebadmin/item/10914772/venezuela-plans-new-measures-to-improve-dollar-supply <![CDATA[Venezuela plans new measures to improve dollar supply]]> 10914772 http://www.hedgehogs.net/pg/blog/Nisha/read/10274475/commodities-briefing-venezuela-opposes-increase-in-opec-output-target Wed, 25 Apr 2012 04:41:18 +0100 http://www.hedgehogs.net/pg/blog/Nisha/read/10274475/commodities-briefing-venezuela-opposes-increase-in-opec-output-target <![CDATA[Commodities Briefing :- Venezuela opposes increase in OPEC output target]]> Article Link]]> 10274475 http://www.hedgehogs.net/pg/blog/Nisha/read/10249438/commodities-briefing-venezuela-worries-that-opec-is-flooding-oil-market Wed, 18 Apr 2012 02:06:29 +0100 http://www.hedgehogs.net/pg/blog/Nisha/read/10249438/commodities-briefing-venezuela-worries-that-opec-is-flooding-oil-market <![CDATA[Commodities Briefing :- Venezuela worries that OPEC is flooding oil market]]> Article Link]]> 10249438