Posted on 08/09/2007 4:27:24 AM PDT by JohnA
MOSCOW, August 9 (RIA Novosti) - Russian gas giant Gazprom could become the richest company in the world, a Russian first deputy prime minister said in an interview with a German magazine Thursday.
What company?
You mean the Russian government front company?
The Russian state is a company?
We had one called Petro-Canada. They put it together with a Fina (Belgium) purchase. Then, they sold it and made huge money on Canada’s biggest sale of energy stocks. US interests own most of it now. If you’d gone about Russia in the right way in the first place, you might have done better. Instead, you’re only #7 in foreign investment, but climbing.
Right way?
Russia is corrupt, lacking the basics such as the rule of law. Investors will eventially lose their shirts.
Re: the Russian state is a company.....
Perhaps you have it backward. That is, Gasprom is the Russian State. The company took over the government.
Putie took over both.
There’s no reason to believe the same won’t happen to the rest. Putie’s on a roll...
Catch up with your facts, Schtokman may still be part US-owned if you play your cards right. Right now, only Total (France) has an equity. The Norwegians (Statoil) will be doing a lot of the profitable deep-sea contracting so far as is known now.
If Putin keeps growing the middle class its good for us imo. Those Russians buy Ford cars, computers with intel chips and microsoft operating systems, fly on Boeing planes etc..
A few super billionaires like before just don’t buy very much. Maybe a few S600 Mercedes with bulletproof armoring.
Did you read about the Chery test crash from that Russian magazine? The Chinese are really going to have to spend some big bucks on quality control, engineering and materials to enter the new economic areas like autos they are trying for.
I guess they don’t understand we place a little higher value on life.
And Mark Mobius in his 2000 book Passports to Profits said
that Russian GDP would exceed US GDP by 2020. Yet, Russia
has 1/2 the population of the US; thus, the avg Russian worker would
need be TWICE as productive as the avg US worker assuming
that the worker pools are identical in size.
Laughable ast best.
BTW, what happens when oil/nat gas are no longer the dominant
industries at the stock exchanges? Then where will Russia be?
A commodity-based economy does not innovate and it only leads
for as long as demand exceeds supply. When demand is high for
extended periods, every swinging d*** and his brother is out mining,
drilling or growing that commodity, eventually leading to ample supply
and weak pricing structure.
Yaaa, but I guess its different this time....because we are running
out of oil and global warming is making it hot, hot, hot!
MV
See if you can guess what I am now?
A zit! Get it!?
A non-zero sum game? What dat gotta do widt da price of
earl on NYMEX? Da size of da pie gits bigga. Dat be da total
pie.
What yo’ point, mang?
MV
I have to agree that Russia needs to diversify but it has got est 40% of the world’s natural resources.
And w/ RIG and GSF not able to meet current demand for
deep water drilling rigs....
And the beat goes on...
Russia is too busy trying tactics that will not work to re-assert
herself. An arms race ain;t gonna git it done cuz we’ve got
LMT and NOC. Using oil as a weapon is not gonna work either
any more than it did for the OPECians back in the 70s. Just
gets you in trouble.
When your economy is uni-dimensional (nat resource-based)
you are subject to sharp swings up and down. The future
low will be as painful as the current high is pleasurable.
MV
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