[lbo-talk] Oil & Russia

Doug Henwood dhenwood at panix.com
Wed Apr 5 12:30:10 PDT 2006


Peter Lavelle wrote:


>Until very recently, oil profits have NOT been invested in the
>non-energy economy ( the margins weren't there, so why bother?).

Long-term development, no? That's what a state is supposed to manage, because private capital isn't interested in that sort of thing.

Doug



More information about the lbo-talk mailing list