Tuesday, June 15, 2010
State Energy Conglomerates Dominate the World of Big Oil : The Conflict between Democratic (Private) Capitalism and State Capitalism
Calling private-sector oil companies "Big Oil" is really a misnomer, since state-owned energy conglomerates now dominate the world markets. David Brooks at the New York Times discusses The Larger Struggle writing:
Crossposted from LawPundit.
"In the democratic capitalist world we have oil companies, like Exxon Mobil, BP and Royal Dutch Shell, that make money for shareholders.Hat tip to CaryGEE.
In the state capitalist world there are government-run enterprises like Gazprom, Petrobras, Saudi Aramco, Petronas, Petróleos de Venezuela, China National Petroleum Corporation and the National Iranian Oil Company. These companies create wealth for the political cliques, and they, in turn, have the power of the state behind them.
With this advantage, state energy companies have been absolutely crushing the private-sector energy companies. In America, we use the phrase Big Oil to describe Exxon Mobil, BP, Royal Dutch Shell and others. But that just shows how parochial we are. In fact, none of these private companies make it on a list of the world’s top 13 energy companies. A generation ago, the biggest multinationals produced well more than half of the world’s oil and gas. But now, according to Bremmer, they produce just 10 percent of the world’s oil and gas and hold only about 3 percent of the world’s reserves."
Crossposted from LawPundit.
Tuesday, June 8, 2010
Thursday, May 20, 2010
Tuesday, May 18, 2010
Saturday, May 15, 2010
Venture Capitalists back Etacts Inc. whose Etacts Gmail Plug-In Aims to become a Unified Box for Messages
At the Wall Street Journal blog Venture Capital Dispatch, Tomio Geron in Newly Seeded Etacts Seeking Holy Grail Of The Unified Inbox writes about the e-mail information glut and the proliferation of social networking messages from various network providers that, inter alia:
Crossposted from LawPundit.
"A new start-up, Etacts Inc., is attempting to unify all these messages into one place, focusing on people who have to stay in touch with contacts for their jobs....
Etacts' Gmail plug-in organizes email, providing recent conversations with a contact and basic information about the sender through sites such as LinkedIn. Etacts also brings in messages from social media sites such as Facebook, LinkedIn and Twitter."
Crossposted from LawPundit.
Sunday, April 18, 2010
Private Equity Returning to Financial Services Industry -- Seeking Alpha
Private Equity Returning to Financial Services Industry -- Seeking Alpha
"The Financial Services industry has been getting increased attention from the private equity industry as the credit crisis eases and the financial sector’s outlook begins to brighten again."
Preserving the Wealth Creation Engine of America - Javier Tordable blog on Software, Mathematics and Technology
Javier Tordable writes in Preserving the Wealth Creation Engine of America - Javier Tordable blog on Software, Mathematics and Technology
Read the full posting here.
"Over the last few decades hundreds of companies, thousands of jobs and billions of dollars of real wealth were created by startups with the support of angel investors. The possibility of a small company to obtain seed funding with little more than an idea is indeed one of the most important wealth creation engines of America. Now this possibility, this engine, is at stake.What are they?
There is a bill currently under review in the Senate that includes two provisions that directly threaten the way that startups are funded. The bill is the "Restoring American Financial Stability Act of 2010” supported by Senator Dodd. Even though the intention of the bill is noble, to attempt to protect investors against fraudulent investment requests, two of its sections can have severe unintended consequences for the economy and the society of the United States."
Read the full posting here.
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