Paul R. Gregory's writings on Russia, the world economy, and other matters that he finds of interest.
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Thursday, June 22, 2017
How Much Is Saudi Aramco Worth? It Depends On The Country's Institutions
Capital markets are harsh judges. They lay bare the immense social costs of the poorly-run and corrupt energy companies of the world, such as Gazprom, Petrobas, and Rosneft. We now await its judgement on Saudi Aramco.