Chevron Corporation (CVX): The Most Expensive Place in the World for Oil Companies

If Chinese economic growth deteriorates over the next few years — as I argued last year it probably will — Australia’s decades-long resource boom could come to a screeching halt. As the Asian financial crisis of the late 1990s illustrated, foreign capital inflows can temporarily prop up an economy, disguising its weak underlying fundamentals. But when that money decides to chase returns elsewhere, the reversal of capital flows can wreak havoc.

The article The Most Expensive Place in the World for Oil Companies originally appeared on Fool.com.

Fool contributor Arjun Sreekumar has no position in any stocks mentioned. The Motley Fool recommends Chevron.

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