And That was How it Went

When is news not news or just plain wrong? The following was tweeted by FinanceNewRT “Algeria Moves To Develop Oil And Gas Reserves (at Investopedia): http://is.gd/dFsY6 Algeria is aggressively develop” The article in question discussed data from 2009. Most of that was developed in 2008. Currently the Algerian Oil Ministry is in the throes of internal investigation, all contracts with foreign companies are being re-evaluated due to corruption in the Oil arm (Sonatrach). Many foreign companies are just maintaining their presence here until they see a bit more leveling of the playing field? The tax rate is very hight and just jumped on all foreign companies. the control of all development, in general, is 49% max by law, etc. Yes there is still a lot

“And Now the Rest of the Story – “When is news not news?