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Re: DewDiligence post# 2378

Monday, 04/25/2011 5:56:53 PM

Monday, April 25, 2011 5:56:53 PM

Post# of 30493
Stating the obvious about Venezuela:

http://www.bloomberg.com/news/2011-04-25/chavez-s-rising-oil-windfall-tax-will-have-chilling-effect-nomura-says.html

Venezuelan President Hugo Chavez’s oil-tax increase last week may curtail private investment as South America’s largest OPEC producer looks to reverse falling output, according to Nomura Securities International Inc.

May curtail?

“The efficient-market hypothesis may be
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