Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (14777)	11/1/2003 8:15:02 AM
From: John Carragher	Respond to of 793677

exerpt, editor opinion in a canada oil news letter "Russia is an excellent example of a country that is likely to see civil unrest over its oil wealth. When the country privatized its oil and gas industries, nearly all of the assets ended up in the hands of a few oligarchs. These individuals are thought of as having rigged the system to gain control of the country’s petroleum wealth. We are seeing growing disenchantment with the status quo by the average Russian citizen who is not participating in the country’s recent prosperity. The politicians are listening. In an effort to curry favor with the nation’s proletariat, President Putin commissioned the raiding of the offices of oil giant Yukos to find evidence of tax evasion and embezzlement. Based on recent news reports, it appears they may have found what they were looking for. Yukos chief executive Mikhail Khodorkovsky was arrested on October 25th and is being held pending investigation into charges of tax evasion and fraud. It appears that this story gets only more political as President Putin’s Chief of Staff, Alexander Voloshin, resigned on October 29th, in protest over Khodorkovsky’s arrest. Despite protestations by its business leaders and politicians that Russia has adopted Western-style capitalism, the country is still a kleptocracy. Now that Russia has once again coaxed major international oil companies into making big investments in the country, look for popular sentiment to turn violently against foreign involvement in the country’s oil patch." Russia politics could have an impact on current oil prices and give a sigh of relief to opec. imo Here is much better review of what may be going on posted on si Message 19455293