Adamant: Hardest metal
Saturday, March 29, 2003

¿LOCO?

Alertas de Robert Alonso Robert Alonso

Fíjense lo loco que está el Sr. Chávez…

En julio de este año se va de baja la Promoción de 1973, entre los cuales están los siguientes oficiales:

Grl. Efraín Vásquez Velasco (anti) Grl. Alfonso Martínez (anti y preso) V.A. Álvaro Martín Fossa (anti – Ex jefe del Estado Mayor Conjunto) V.A. Quevedo (anti) Grl. Julio García Montoya (pro – conocido como “Cuchara” porque ni pincha ni corta) Grl. Víctor Cruz Weffer (pro) V.A. Bernabé Cubero (pro – testigo de la renuncia del Sr. Chávez el 11-12 de abril) Grl. Villegas Solarte (pro – Guardia Nacional “héroe” de Chuao)

Junto a ellos salen unos 40 oficiales más de las 4 fuerzas…

En julio de este año, llegan a la cúpula militar los siguientes oficiales de la Promoción del 74:

Grl. José Félix Ruiz Guzmán (altamirista – es decir, “sublevado” en Altamira) Grl. Enrique Medina Gómez (altamirista) Grl. Manuel Rosendo (anti – dado de baja) Grl. Romel Fuenmayor (anti – imputados en los hechos del 11 de abril) Grl. Henry Lugo Peña (altamirista) Grl. René Serica García (anti) Grl. Rojas Pérez (altamirista) Grl. Néstor González González (altamirista) V.A. Pérez Ramírez (altamirista) Grl. Ruiz Zerpa (pro – embajador de Venezuela en China) Grl. Chaparro Espinoza (pro – CAVIM) Grl. Fajardo Miranda (pro – “empijamado” o “empantuflado” en su casa sin cargo)

Se dice que la mayoría de esta promoción que incluye a unos 30 oficiales más, está opuesta al régimen. Como se puede ver, la mayoría de los más antiguos de esta promoción del 74 está perdida y desperdiciada sobre la tarima de la Plaza Altamira. Mientras esto es una realidad, “se monta” en el “coroto” la promoción del Sr. Chávez, “el loco”, la del 75, entre los cuales se encuentran:

Grl. García Carneiro (pro) Grl. López Hidalgo (pro) Grl. Rangel Gómez (pro) Grl. Verde Graterol (pro)

Y prevenidos al bate están los generales Baduel y Acosta Carles. Un coronel muy amigo del Alcalde Mayor Peña, está por ahí pendiente de un ascenso a general de brigada. Claro que su grave problema – gravísimo problema – es que todavía no ha podido controlar los cuadros medios y bajos… a esos tenientes recién graduados que son los que se montan en las tanquetas y que serían los que tendrían que acatar – o no – la orden de masacrar a sus hermanos/nas, tíos/as, primos/as, padres o madres cuando ya en total desesperación se lancen a las calles a recuperar la libertad para ellos… incluidos los propios tenientes.

Hay que ver – sin embargo -- lo loco que demostró estar Chávez cuando “Altamiró” prácticamente a la promoción del 74 -- la que nos debía tocar dentro de unos meses -- y “encaramó” a sus compañeros de promoción, que estarán “montados” no uno: ¡dos años!, justamente durante el período que los regímenes comunistas llaman “La Ofensiva”. Hay que estar bien loco para hacer esas cosas. Lo menos que le debería salir a “ese señor” es una ciclo marcha… ¡lo menos!

Robert Alonso

El Hatillo 29 de marzo de 2003 robertalonso2003@cantv.net

Defiant CTV union boss Carlos Ortega flies off to exile in Costa Rica

Posted: Friday, March 28, 2003 By: Patrick J. O'Donoghue

Venezuelan Confederation of Trade Unions (CTV)  president, Carlos Ortega has left Venezuela for exile in the Central American country of Costa Rica.  After 13 days holed up at the Costa Rican Embassy in Caracas, Ortega finally received  a safe-conduct  (salvoconducto) from the Venezuelan government and left a written message addressed to his opposition colleagues. 

"The struggle continues!" defiant Ortega writes "we will defeat the tyrant and his accomplices sooner than later." 

Ortega says criminal sycophants made real threats against his life to curry favor with their boss, President Chavez Frias.  Escorted by State Political & Security (DISIP) Police and the Costa Rican Ambassador, Ortega left the Embassy for Simon Bolivar international airport at Maiquetia. 

Ortega has been charged with rebellion and instigating criminal acts during the December-January national stoppage which he led and directed. 

CTV executive, Pablo Castro has ruled out rumors that Ortega will take up residence in the house of former Costa Rican President, Luis Alberto Monge, neighbor to former Venezuelan President Jaime Lusinchi, now in Miami. "There is a possibility that the International Confederation of Free Trade Unions  (ICFTU) will provide a house."

TSJ studies 3 annulment injunctions vs. exchange control polices

<a href=www.vheadline.com>Venezuela's Electronic News Posted: Friday, March 28, 2003 By: Patrick J. O'Donoghue

President Hugo Chavez Frias has been informed of three legal actions taken to void the government exchange rate control.  The Supreme Tribunal of Justice (TSJ) Constitutional Chamber received an annulment plea on March 6, introduced by National Assembly deputies, Liliana Hernandez, Jose Luis Farias, Nestor Arzola and Wilfredo Rojas. 

The opposition parliamentarians allege that exchange rate control can only be authorized through an Enabling Law passed in the National Assembly. 

Magistrate Jose Delgado Ocando has been entrusted with drawing up a position paper. The same magistrate will deal with appeals introduced by lawyer, Henry Pereira and Ignacio de Leon respectively. 

The position paper will tackle a court sentence issued  on November 21, 2001, according to which the setting up of exchange control rates is the competence of the legal reserve and not within powers assigned to the National Executive.

Emerging debt-Brazil rises, fueled by budget surplus figure

Source Reuters, 03.28.03, 1:34 PM ET

By Susan Schneider NEW YORK, March 28 (Reuters) - Emerging sovereign debt edged higher on Friday as a robust February budget surplus figure fired up Brazilian bonds and the initial panic over Venezuela's planned debt restructuring faded. J.P. Morgan's Emerging Market Bond Index Plus added 0.49 percent in terms of daily returns, bolstered by a 1.07 percent jump in the share of market heavyweight Brazil. Venezuela recouped some of this week's losses as its DCB bond notched gains of 1.125 points to 69.625 bid, a move that helped lift the country's EMBI-plus share by 1.49 percent. Brazilian bonds trekked higher after the central bank said the public sector posted a primary budget surplus of 7.6 billion reais ($2.3 billion) in February. The figures put Brazil on track to beat its first-quarter surplus goal with the International Monetary Fund and should serve to reassure investors the country has the cash to pay its debts. The rosy mood toward Brazil, where the currency, the real, also strengthened against the dollar, was coupled with an ebbing of fears about Venezuela. The oil-rich nation said Wednesday it would attempt to ease its debt load with a voluntary swap, but uncertainty over the form of such a deal battered Venezuelan bonds in the past two sessions. "There's been some good local news in the past few days and people have traded that off with the Venezuelan news now that Venezuela has calmed down," said an emerging debt trader. "Venezuela is still way off, but nothing worse has happened." Venezuelan President Hugo Chavez touched off the panic when he told small business owners that the nation, enduring a fierce fiscal crunch in the wake of a two-month opposition strike that choked off its vital oil production, would seek to restructure and renegotiate its foreign debt. Finance Minister Tobias Nobrega later clarified the comments and said the government was not planning a moratorium or a forced restructuring of the debt but planned to offer a voluntary swap. "If they go into restructured default, there's going to be some sort of knock-on effect (in the broader market)," the trader said. "It might be small or short, but it's going to affect the perception of our market in general." Meanwhile, investors continued to take heart from pushes for reforms in Brazil by President Luiz Inacio Lula da Silva, who took office at the turn of the year. Brazil's bonds are up nearly 19 percent so far this year on optimism about Lula, who pledged on Thursday to send Congress his pension and tax reforms in April. The planned overhauls, along with Lula's repeated promises of austerity, have helped win over investors who had worried about his calls for debt renegotiation in previous campaigns. "It's a relatively quiet day but there's definitely a firmer tone," said the second trader. "There is more talk about reforms in Brazil, sooner rather than later, and Venezuela is hanging in there." TURKEY CLIMBS Turkey's bonds also crept higher ahead of the weekend as investors awaited further news on the U.S. offer for up to $8.5 billion in war financing for the country's frail economy, sure to be battered further by financial fallout of armed conflict in neighboring Iraq. Turkey's share of the broader EMBI-Plus rose 1.63 percent on the day, a tiny recovery from a string of fierce losses spurred by concerns about the state of Turkish-U.S. relations after Turkey refused to let Iraq-bound U.S. troops use its territory. The refusal killed a U.S. offer of some $30 billion in aid and loans, helping to send Turkey's share of the index a massive 15 percent lower this month alone. This week, however, the White House offered Turkey up to $8.5 billion in loans and guarantees, although the package will need the approval of Congress, where many members are upset at Turkey's decision not to allow troops.

Saudi hits 21-year oil output high before war

Reuters News Service March 28, 2003, 12:16PM

LONDON - Saudi Arabia led a heavy increase in OPEC oil production in March, preventing a spike in crude prices as the United States went to war against Iraq, a leading energy consultancy said today.

The Organization of the Petroleum Exporting Countries was able to more than compensate for cutbacks in exports from Iraq and Nigeria, both cartel member countries, Geneva-based Petrologistics said in a closely watched report.

OPEC's biggest producer Saudi Arabia was responsible for a large chunk of the extra oil, along with Venezuela where the state petroleum company has restored a lot of production after a strike.

Saudi added 600,000 bpd to average 9.56 million bpd and Venezuela increased by the same increment to 2.45 million bpd, recovering from a general strike more quickly than expected.

The increase took Riyadh to its highest crude production in 21 years. Veteran OPEC watcher Geoff Pyne, consultant to Sempra Energy, said it was Saudi's heaviest production since October 1981.

"The Saudis promised to make up for any shortfalls and that's exactly what they've done," said Raad Alkadiri of Petroleum Finance Corp. in Washington.

Total OPEC output, despite lower Iraqi and Nigerian volumes, rose by 430,000 barrels a day in March to 28.36 million bpd, the Petrologistics report said.

Output excluding Iraq, measured for 10 OPEC members with official cartel quotas, rose by 1.55 million bpd to 26.85 million.

The report will fuel worries in OPEC about a possible glut in the second quarter, when world fuel demand subsides seasonally after the winter.

OIL GLUT FEAR

OPEC Secretary-General Alvaro Silva said today the cartel was on alert for a possible price crash.

"Even with the cessation of Iraqi exports and the temporary oil output reduction in Nigeria there is still plenty of oil on the market," Silva said.

"There have been several situations where cargoes have failed to find buyers... All of this points to the need to remain on full alert as to whether the situation of an oil glut could arise."

Gulf neighbours Kuwait and the UAE also pumped more in March with Kuwait increasing by a surprisingly large 360,000 bpd to reach 2.42 million, the report said.

Kuwait was not thought capable of pumping much extra but pushed surge capacity at its large Burgan oilfield in the south of the country. The UAE pumped another 90,000 bpd to supply 2.3 million bpd.

Libya added 50,000 bpd to 1.45 million. Iran fell back a little to 3.8 million bpd but remained well in excess of its official OPEC quota after lifting production in February.

The extra volumes helped drag oil prices lower in mid-March with U.S. crude slumping $9 a barrel, 25 percent, before dealers started worrying about a prolonged war at the end of last week. U.S. crude was valued at $30.70 a barrel today.

Petrologistics estimated Iraq will pump 1.51 million bpd in March, down from 2.63 million in February as exports dried up ahead of the start of war nine days ago.

Nigeria is estimated at 2.00 million bpd, down 145,000 bpd on average for the month after ethnic clashes saw partial closures by Shell and ChevronTexaco from fields in the western Niger delta in the past week.

Shell has been able to compensate for some of the losses by increasing production from east of the Niger.