Laking, its the usual p&d. Baker Hughes, Halliburton and Schlumberger are being considered for contracts already with Rosneft. BH has that drill bit that can drill horizontally and this is the biggy and its can stand up to the punishment. Their interested in the big boys who have lots of experience in these areas.
The risk has been removed from Nwog imo. We can't do anything for the fraidy cats and peoples feelings of insecurity of investing outside the US. People have made lots of money in emerging markets. China, India, Turkey, Greece to name a few and others have lost plenty of it in our own. Russia is very cheap. China can be very risky and India is expensive. Russia may have their Nat'l debt paid off (this year).
Our government is buried in it and because of this our currency is being evaluated,(devaluated), like it never has been before. The very very wealthy have been buying foreign currencies and precious metals. If I had the wealth I would be too. The US has big time problems with the manufacturing industry in additon to everything else. Look at GM and Ford and the recent bankruptcy of Delphi. The Japanese have conquered this market.
They are quick to blame the oil industry for their lack of quality outrageous sticker prices. $30,000 or more for a car is insane. For me anyway. I know a few people paying five to seven hundred a month car payments and its not even an investment, my brother was telling me a friend of his was paying $850.
Many companies have moved abroad and have built brand new faclilities abandoning the ones here. Similiar occurences in England and France over the last decade. These companies then in turn sell to us at a much cheaper cost to produce.
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