Free Republic

Venezuela Buys Oil to Meet Contracts Dr. Joe Duarte Tuesday, May 02, 2006 A Sudden Plunge In Production? Is Venezuela's oil production rapidly waning? One source reports that the world's fifth largest oil producer is showing signs of a rapid decrease in production, one of the key tenets of the peak oil theory. Venezuela is buying oil from Russia in order to avoid defaulting on deliveries to clients. The situation raises serious questions about the country's oil production and the future of PDVSA as a major oil producer, and increases the risk to the U.S. oil supply should the country's...

BUSH'S MBA: A fellow student and subsequent professor analyzes George W. Bush from the Harvard Business School perspective. It's interesting reading. Money quote: By reputation, the President was a very avid and skillful poker player when he was an MBA student. One of the secrets of a successful poker player is to encourage your opponent to bet a lot of chips on a losing hand. This is a pattern of behavior one sees repeatedly in George W. Bush’s political career. He is not one to loudly proclaim his strengths at the beginning of a campaign. Instead, he bides his time,...