Eulogio, Venezuela’s mighty oil Czar

On Tuesday evening, President Nicolás Maduro announced what in revolutionary newspeak is referred to as a sacudón (shake-up), otherwise known to the rest of the globe as cabinet reshuffle. The most noteworthy replacement happened in the Ministry of the Popular Power for Petroleum and Mining. Eulogio Del Pino, who is, and will continue to be, the chief of state oil company PDVSA, will be taking…

#AccountabilityFail

After recounting the whole sordid series of fuck-ups that have plagued PDVSA over the last nine years, from Maletingate and PudreVAL to Illaramendi and the Guarapiche Spill, The Economist quips, In theory, such a string of mishaps should have put Mr Ramírez in trouble with his supervisor, the petroleum and mining minister. Erm…it’s a funny…