Friday, September 21, 2007

Venezuela Time Change

News junkies know that out of the blue, Hugo Chavez declared that Venezuela would shift its clocks backwards 30 minutes this week. The announcement was made in a radio address. Most people don't care, but at Bloomberg it's relevant because we receive feeds of oil trading activity from Venezuela and there's been a lot of interest in how they're going to be timestamped.

Since we've been watching so carefully, we're probably the first to notice that it isn't going to happen according to schedule, without explanation. This may be very interesting. It may be a very oblique indication that Chavez has so completely lost his mind that his own government is interfering with him. Given that the man survived a coup only 5 years ago, that would be relevant. Or it could just be a sign that Venezuela is becoming an unpredictable rogue state like the PDRK.

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