Wednesday, December 23, 2009

Chart of the day is....

......the increase of trade between China and Venezuela in the period 2003-2008.



These numbers come from the lips of Jorge Giordani, Venezuela's Minister of Planning and Development. Luckily the Wall Street Journal decided not to scare you, went its own way and reported the increase at three times greater, not the thirteen times as spoken by the Minister. Wouldn't it be nice if they employed someone in Venezuela that spoke a bit of Spanish, yeah?

Meanwhile, China and Venezuela have just signed a piece of paper or something that will raise oil exports from this year's 380,000bbl/d to 630,000bbl/d in 2010. But yes, of course, don't worry, nothing's changed, pax americana, we down here still need you up there. That make you feel better?