12/29/2008

Gazprom, once mighty, is reeling

As my American friends are rushing into their new socialized business empire maybe they should stop and have a look at their old Russian enemy to see how well it's working for them.

"A year ago, Gazprom, the Russian natural gas monopoly, aspired to be the largest corporation in the world. Buoyed by high oil prices and political backing from the Kremlin, it had already achieved third place judging by market capitalization, behind Exxon Mobil and General Electric." Andrew E. Kramer, International Herald Tribune.

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As far as trading goes there were no signals and no trades.

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