Tag Archives: oil

Russian Oil Firm to Buy Into BP

Must be nice to be an oil oligarch.  There is nothing your eyes can behold that your wallet cannot obtain.  The latest example of such largess and profligacy:  Russian oil giant Rosneft is buying into a BP joint venture.  The deal means the state-owned company will leapfrog Exxon Mobil to become the world’s largest publicly traded producer of oil and gas.  Wasn’t too long ago, the Russians were communists, right?  Seems no one know capitalism quite like the oligarchs.

Read Nataliya Vasilyeva and Robert Barr’s Miami Herald article here: http://bit.ly/Xa1pmj

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