05.02.2015 - Big oil is not the biggest victim of cheap crude
If only oil-producing countries that got into trouble could merge, bring in fresh management, lay off citizens, cut costs and restructure their operations. At this point in the energy cycle, betting on a national merger wave similar to the corporate one that created supermajors such as ExxonMobil and BP in the late 1990s would be a good investment. Brazil could merge with Venezuela, helping to solve both the Petrobras scandal and the latter’s lurch toward default. The United Arab Emirates or Saudi Arabia could roll up Nigeria and Russia. Norway could acquire Scotland from the UK...............................................Full Article: Source
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