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[Pen-l] Venezuelan oil production




Thanks, Robert. That article by Boue provided very useful background. He's pretty good--
I read part of his Cambridge thesis some time ago.
	michael
For those interested in the fascinating and politically charged
dispute over the level of Venezuelan oil production. Interesting
history of PDVSA's relationship to OPEC, "secondary sources" of
information about oil production levels, and the Venezuelan state. The
author concludes that Venezuela is telling the truth about its oil
exports, and the International Energy Agency is lying. A Dow Jones
reporter once told me pretty much the same thing, but expressed
puzzlement as to why this was the case. This article explains it.

Middle East Economic Survey
How Much Oil Has Venezuela Really Been Producing?
Juan Carlos Boué
http://www.mees.com/postedarticles/oped/v52n18-5OD01.htm
-- Robert Naiman Just Foreign Policy www.justforeignpolicy.org naiman@xxxxxxxxxxxxxxxxxxxxx ____________________________________
-- 
Michael A. Lebowitz
Professor Emeritus
Economics Department
Simon Fraser University
Burnaby, B.C., Canada V5A 1S6

Director, Programme in 'Transformative Practice and Human Development'
Centro Internacional Miranda, P.H.
Residencias Anauco Suites, Parque Central, final Av. Bolivar
Caracas, Venezuela
fax: 0212 5768274/0212 5777231
www.centrointernacionalmiranda.gob.ve
mlebowit@xxxxxx

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