When the U.S. commercialized the oil and gas industry it also fought to ensure that its position as the leading provider of oil and gas remained unfettered. During the industrial revolution Standard Oil Company, a U.S. based oil and gas conglomerate, initially operated as a Trust Company and later as a Holding Company. It was […]
This summer, China spearheaded an agreement with Brazil, Russia, India and South Africa (known collectively as the “BRICS” countries) to create financial mechanisms that would challenge the International Monetary Fund (IMF) and as CNN’s Commentor Fareed Zakaria said no “these are worrying signs . . . because Beijing’s efforts will surely succeed. http://wapo.st/1EI46jP. As I mentioned, […]