And a big thank you to PG for some Sunday night editing work (this should really be listed as a joint article by Brown & PG). BTW, it's kind of tedious to keep typing Venezuela & Mexico. I suggest V&M.

Nice analysis as usual WT.
BTW - VenMex may be a bit more self descriptive than V&M...

Hmmm. V&M versus VenMex. I think we should let PG decide.

VenMex you immediately understand. V&M sounds like a medicated salve, or a low ranked technical college.

Just my two centavos.

Indeed, VenMex seems an intuitive shortening for a pair of LatAm countries..

VenMex gets my vote.

2008 looks quite different in Q2. Katrina in red.

Source: EIA.

Enjoy.