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WARNING: This may be more than you wanted to know....
Derek is correct about the quartz issue, however the general phenomenon is very real and measurable. In fact, the electrical grid in Venezuela could probably slip in frequency a bit more before collapsing.
If clocks are loosing 150sec/day, then that is about 9000 cycles per day (assuming Ven. is a 60Hz system, like USA). 9000cycles/day divided by (24h x 60m x 60s) is a 0.10417 cycle loss per second.
In other words, the grid is at about 59.89583Hz. This is a serious deviation, but total grid collapse should not occur until about 58.9Hz. For comparison, USA grids are almost always within +/- 0.03Hz of 60.
MMC (Electical engineer & former science teacher)
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