Our flight from San Francisco went to Houston, where we had to wait a 
considerable time because of delays.  I happened to speak to several 
people were going to Bogotá for major petroleum industry conference 
regarding.  They regarded Columbia as an important new frontier for 
petrochemicals.

We arrived in Bogotá where our hosts took us to an elaborate five-star 
hotel, where they put us up in an apartment rather than an ordinary 
hotel room.  The hotel is a gigantic five-story complex, which probably 
covers two city blocks with a very large courtyard in the center, 
complete with a church.  Blanche was told that foreign service officers 
used to stay here very frequently, but not so much anymore.  Not 
surprising, quite a few of the people here are wearing apparel that show 
an affiliation with petrochemical industries.

We went to the University the next day to meet with the president and 
vice president, then went to a small auditorium, where the faculty, who 
already some of my books, posed questions to me.  It was a very pleasant 
experience, except that in the course of our discussions, I learned that 
the country has no new petroleum deposits.  Instead, the petroleum 
industry will use more intensive methods of extracting the remaining 
hydrocarbons.

more at:

http://michaelperelman.wordpress.com/wp-admin/post.php?post=1948&action=edit&message=6
-- 
Michael Perelman
Economics Department
California State University
Chico, CA
95929

[email protected]

530 898 5321
fax 530 898 5901
http://michaelperelman.wordpress.com
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