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Caracas, Tuesday May 13 , 2008  
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Venezuelan government curbs consumption despite oil boom 
For the first time in four years, Venezuelans' purchasing power has dropped along with the sales in some sectors (Photo: N. Perdomo)
Gustavo García, professor at the Institute of Higher Education in Business Administration (IESA), is afraid that "in the midst of the lengthiest oil boom in history, Venezuelan economy is slowing down because economic unbalances hinder the productive sector. Venezuela is moving towards stagflation, that is, high inflation rates and slower economic growth." 
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Press Freedom in Venezuela
- Venezuela rails on the Inter-American Human Rights Court and Commission
- Inter-American Court asked to punish Globovisión's assailants
- Inter American Court hears Globovisión case
- Claims of impunity for assailants of the press
- Venezuela joins the list of countries with poor press freedom

Breaking News
EC, Mexico: Chávez's criticism at Merkel are not good for integration 

Chairman of the European Commission José Manuel Durao Barroso and Mexican President Felipe Calderón Monday argued that President Hugo Chávez's criticism at German Prime Minister Angela Merkel do not favor the European Union-Latin American integration.

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Chávez asked to respect Spanish institutions 

Spanish head of government José Luis Rodríguez Zapatero advised Venezuelan President Hugo Chávez one more time that he should respect Spanish institutions, following Chávez's renewed criticism of the King of Spain.

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From our print edition
Michael Rowan / Chávez and poverty 

Thirty years ago, it looked like Venezuela would join the rich countries. But every government since 1976 has made Venezuela poorer, especially Chávez's. In the name of nationalism and socialism, the pied piper of populism has produced only more poverty. One wonders if they'll ever wake up to what they're doing.

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Quotable
"Do not be ludicrous, Colombia's government. I challenge you to produce one single evidence, not imbecile documents (…) It is difficult to have relations with a government in this way. Ah, economics, trade! May them keep going. As for personal relationships, what for?" Venezuelan President Hugo Chávez, speaking about the files found in a laptop seized from FARC Raúl Reyes by the Colombian government and analyzed by Interpol 

  
Databank

Venezuelan proven oil reserves increased from 99 billion barrels of oil at the end of 2007 to 130 billion barrels last April, a 30.8 percent increase, reported Minister of Energy and Petroleum Rafael Ramírez. The new proven oil reserves were added under the Orinoco belt Magna Reserva project. Certification of oil reserves under this project began in 2006. Ever since then crude oil reserves at 26.2 billion barrels have been certified in Carabobo oilfield.

 Background 

Interpol is to submit next Thursday, May 15th, to Colombian authorities a public report and findings on its forensic analysis of the informational material seized from the Colombian Revolutionary Armed Forces (FARC), followed by a press conference. Pursuant to an agreement executed with Colombia on March 12th in Bogotá, the Interpol aid would include sending a crisis management taskforce to Bogotá in order to get exact copies of the data contained in three laptops, three USB keys and two external drives.

Interview
"We will diversify the destination of the barrels that come from the Orinoco oil belt"

In the blink of an eye, last May 1st the joint ventures that replaced the partnerships at the Orinoco oil belt turned one year. Minister of Energy and Petroleum Rafael Ramírez strikes a positive balance of this first year.

Other Interviews
Highlights
- Weekly summary/US probes Chávez's links with FARC
- Weekly summary/The Inter-American Court and press freedom in Venezuela
- Playing with fire: Colombia, Ecuador, and Venezuela / Report to Members of the Committee on Foreign Relations, US Senate
- A New Deal for Global Food Policy
- Fuels vs. Food
- Oil reserves hit 130 billion barrels
- Upcoming training of community police officers in Cuba and Nicaragua
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