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Archive for January 29th, 2008

Statism Beats Capitalism; Gazprom Squeezes Exxon, BP

State-controlled energy companies OAO Gazprom and Petroleo Brasileiro SA are winning the battle for investors as their governments squeeze Exxon Mobil Corp., BP Plc, and Royal Dutch Shell Plc for access to oil and gas.
Russia's Gazprom forced BP and Shell last year to cede control of gas deposits that can supply Asia for more [...]

Tuesday, January 29th, 2008

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