Come clean on Venezuela

As evidenced by my multiple posts on this issue, I am not at all happy with this whole Orimulsion resolution. I might be – if we had been given the whole picture – but with all the fog around this, I am downright skeptical.

Of course, my skepticism increases daily. Yesterday, News 91.9 every five minutes kept referring to the deal as a ‘windfall’ for taxpayers. Asking for $2.2 billion, getting $100 million cash and a ‘discount’ on oil seems hardly like a ‘windfall’. But if the Energy Minister calls it a windfall, journalists will say its a windfall.

Now, we find out that NB Power doesn’t even want the terms of the deal made public. From the TJ today:

NB Power spokeswoman Heather MacLean said there is a clause in the fuel supply agreement the utility signed as part of the settlement which binds NB Power to make “every reasonable effort to keep the terms of the agreement confidential.”


If it looks like crap. If it smells like crap. If it tastes like crap. It most likely is crap.

I could be wrong. It might just be chili.