2 May 2012   Leave a comment

The large oil companies are having a banner year:  supplies are tight and prices are high (although they are beginning to come down).  The large, fully-integrated companies (which means they explore, produce, refine, and market) always do well since each stage of these operations offers an opportunity for profit.  The rest of us, however, are not as fortunate, since we just concume the oil at the end of the cycle.

big five oil companies profit, etc.

Chen Guangcheng has left the American Embassy, and will remain in China.  The human rights activist apparently wanted to leave China but could not do so on acceptable terms.  It remains to be seen whether the Americans were able to get firm assurances from the Chinese government about his future treatment, but the initial reports are that he will be well-treated.  We will wait to see how the US-China human rights talks go.

Posted May 2, 2012 by vferraro1971 in World Politics

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