Paul R. Gregory's writings on Russia, the world economy, and other matters that he finds of interest.
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.