Why Big Oil Should Kill Itself
A big part of the problem is that GAAP allows the oil companies to capitalize their exploration activities. If capex were treated as opex, they would all be losing money.
Christopher T. Mahoney is a former Vice Chairman of Moody’s.
Aug 28, 2013 Christopher T. Mahoney
Aug 27, 2013 Christopher T. Mahoney
Aug 26, 2013 Christopher T. Mahoney
Aug 25, 2013 Christopher T. Mahoney
Aug 25, 2013 Christopher T. Mahoney
Though the US Federal Reserve’s first interest-rate hike of 2023 is smaller than those that preceded it, policymakers have signaled that more increases are on the way, despite slowing price growth. But there is good reason to doubt the utility – and fear the consequences – of continued rate hikes, on both sides of the Atlantic.