Global changes fuel financial innovation

Article Abstract:

The repurcussions of the political instability of the Middle East region on international oil prices is discussed. The recent spate of acquisitions and mergers in the petroleum sector has left five big companies with adequate cash surpluses to finance 90% of the alternative oil sources. However, the oil companies are approaching the international funding organizations and the state-owned oil companies for finance, in a belief that such a move will cover the political risks in the projects.

Middle East, Methods, Economic aspects, Political aspects, Discovery and exploration, Natural resources, Project finance, Global economy

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Russia likely to be stable oil source, Exec says

Article Abstract:

The Russian oil industry is unlikely to be disrupted by a terrorist attack soon, meaning that it will be a growing-and stable-supplier to the world market for years to come. Robert Dudley, Chief Executive Officer and president of Moscow based TNK-BP, one of Russia's largest oil companies stated that Russia needs to expand its number of 'exports points' for its oil industry.

Market information - general, PETROLEUM AND COAL PRODUCTS, Petroleum, Petroleum and Coal Products Manufacturing, Police Protection, Russia, Petroleum & Energy Products, Exports, Terrorist Control, Security Mgmt-Kidnapping & Terrorism, Supply and demand, Growth, Terrorism, Company growth

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ExxonMobil funds anti-warming groups

Article Abstract:

The Union of Concerned Scientists report on the ExxonMobil's funding of anti-warming groups is discussed. The firm uses these independent organizations to question various scientific findings and confuse public.

Financial management, Political organizations, Political Persuasion Organizations, United States, Finance, Reports, Environmental aspects, Exxon Mobil Corp., Union of Concerned Scientists, Company financing, Pressure groups, Special interest groups, XOM

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