8-28-17 Are companies ignoring history? We don’t think so, though they may be relying on hope that future investments will be safe.

"Those who ignore history...." Statoil, YPF to explore hydrocarbons in Argentina  Courtesy: PennEnergy We believe that companies investing in Alaska and Argentina today are not ignoring history.   Rather, such investment may display optimism for the policies supported by future elected leaders who, we all hope, have learned from history that punitive oil and gas policies repel investment into their economies.   Unfortunately, it may also signal that friendly and safe investor policies are rare throughout today's world.  In any case, we offer our best wishes to [...]