11.07.2007

Trillions: PetroChina shoots past trillion-dollar mark




Why make Billions when we could make . . . . . . . . . . . .TRILLIONS *lol in my best Dr. Evil voice.*

Ladies and Gentlemen economic history (Invest with Caution).

[SHANGHAI -- PetroChina Co. became the world's first company valued at more than a trillion dollars Monday, catapulting over U.S. energy titan Exxon Mobil Corp. as eager Chinese got their first shot at investing in the oil giant when its stock began trading on the Shanghai exchange.

Billionaire investor Warren Buffett, chairman of Berkshire Hathaway Inc., sold his entire stake in PetroChina in mid-October. He has urged investors to be cautious about Chinese stocks.

More than 200,000 people have died and millions have been displaced in the Darfur conflict, which pits rebels against militias known as janjaweed, backed by the government. Buffett and other high-profile investors have been pressed by activists to divest themselves of PetroChina shares.]- LA TIMES