PetroChina’s Big Splash


Tomorrow, China will have bragging rights to the world’s largest firm in terms of market capitalization.
PetroChina is going public on the Shanghai Exchange, and analysts believe that the surge in stock value predicted in tomorrow’s trading will clock the firm ahead of Exxon Mobile.
Just another measure of the relative decline of America’s push-the-other-guy-around power in the world.
— Steve Clemons


One comment on “PetroChina’s Big Splash

  1. Matthew says:

    Steve: In a few weeks, I will standing on the Palatine overlooking the ruins of the Roman Forum. Gravity affects everyone–and every power, no?
    What is it going to take for our Wingnuts to understand that we SHARE this planet with 95% of the world’s population?


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