Monthly Archives: February 2012

South American states found a clever way to rein in their state oil companies in recent years, to make them respond better to both government regulation and the market, and to bring in a bit of cash in the process. … Continue reading →

Kepler for the win? Here is Wikileaks’ latest. I’ve bolded a few lines, you’ll see why:

Fact: The value of Chile banana exports rose 1161% last year, to $401,604. Keep that up for a few more years and they’ll be ahead of Ecuador. Who, me? Getting away from truly important oil news and doing lite food … Continue reading →

Caracas Gringo is a very interesting blerg. I often disagree with the author, but today, he posts something that I agree with 100%. The subject matter here: Venezuela’s supposedly dangerous links with Iran. Gringo finds the same thing I have … Continue reading →

The US-appointed receiver seeking to recover cash for victims of a Connecticut Ponzi scheme sued Francisco Lopez, Carolina Lopez Pelaez, Carlos M.B. Araya, Christopher Luth and Victor Chong for $29 million, alleging that they received ill-gotten gains. Here is the … Continue reading →

Like many people of my VTR generation, I grew up watching “Better Off Dead” way too often. Who knows, maybe court-appointed receiver John J Carney also watched it a lot. In any case, it’s clear he is eager to collect … Continue reading →

$300 million — yes, it’s astronomical numbers day at Setty’s Notebook. As is my custom, here’s your filing. You want more? Get yourself a Pacer account, or hire me. This time, the defendants are “Francisco Illarramendi, Maria Josephina Gonzalez-Miranda, Adela … Continue reading →

I guess it was just a matter of time before they started going after the other characters in this play. Odo Habeck, for those without a playbill, was CEO of MK Group LLC, which was one of the companies that … Continue reading →

Filing here. Beracha, reached by phone, had no comment. Weird filing, in that it never says they actually tried to talk to Beracha. I’d love it if they could give his sworn answer to a pretty basic question: did you … Continue reading →

(note: this post was heavily edited at about 1 am eastern time and then I also edited the headline at 640 am eastern to reflect that Montes no longer works at PDVSA) Well, I guess this starts to answer some … Continue reading →