It is no secret Latin countries are mismanaging their natural resources, but no one ever said so clearly as the "Post". The Venezuelan State Oil Company is broke and no one in the world is ready to loan it any money nor invest in Venezuela. The Mariscal Sucre natural gas bid failed, as no one, not even Russian and Chinese national oil companies, did submit bids. Venezuela is operating its oil industry through foreign contractors, but it is not paying them ($8 billion in arrears). The Post comments that there is much to do to turn the Company's fortunes around but "it appears that its management may not be up to the task."
This is the first Wiki cable that does change my world view. I grew up in Latin America and worked much there. I never saw Latin Americans in such terms, I love Latin music and food, and I never considered them (collectively) simply incompetent. The Post thinks they are and proves it with figures.