Hyperinflation: The Bolivar's Historic Fall

Larry Walther, Ph.D., CPA, CMA  |  Accounting & Taxation

Venezuela is experiencing inflation rates in excess of 200 percent. While economists may ask why and wonder about the solution, the problem is also daunting for accountants. This kind of inflation rate invokes special rules on accounting for subsidiaries which have financial statements denominated in the country's Bolivar.

The U.S. Is a Big Oil Importer Again

Thomas Coe  |  Business Fundamentals

Oil production from wells in the U.S. has increased to the point that it can be exported, but heavy crude oil from foreign sources is still being imported. Refineries are finding it to be very profitable to import foreign crude and store it for later use instead of buying directly from U.S. sources and processing domestic oil.

HSBC Managers Battle the Cleanup Squad

Larry Tunnell, Ph.D., CPA  |  Accounting & Taxation

HSBC Holdings Plc, fined for providing banking to money launderers and sanctions-dodgers, promised U.S. officials it would clean up its act. Unfortunately, some HSBC executives mounted a campaign of bullying, foot-dragging, and discrediting against internal auditors.

Venezuela’s Currency Is a Boon to Smugglers

Brian Kench, Ph.D.  |  Economics

Venezuelans sell price-controlled goods for more in Colombia.

The Saudi Balancing Act

Brian Kench, Ph.D.  |  Economics

By boosting production and lowering prices, Saudi Arabia has helped create a bear market in oil.

Why Oil Prices Haven’t Gone Crazy

Brian Kench, Ph.D.  |  Economics

The U.S. shale oil boom has kept markets calm.

Crime Hobbles Venezuela’s Economy

Brian Kench, Ph.D.  |  Economics

Bosses flee, cinemas close early, and foreign capital goes elsewhere in Venezuela.

A Keystone Pipeline That's Ready to Roll

Ralph W Flanary, MBA, CFE  |  Business Fundamentals

TransCanada plans to increase the amount of oil the Keystone Gulf Coast will carry to 830,000 barrels a day.

If Demography Is Destiny, Then India Has the Edge

James J. Stewart, DSc  |  Operations Management

Research shows working-age populations are slipping in the U.S. and other industrialized nations while those of other countries are growing faster.

How BP Learned to Dance With the Russian Bear

Duane Helleloid, Ph.D.  |  International Business

Although the relationship between BP and Russia has been tense at times, both now seem to see the benefits of working together

Chavez Targets the Drillers

Duane Helleloid, Ph.D.  |  International Business

Lower oil prices are putting pressure on the Venezuelan oil industry, which is trying to squeeze oil services contractors.

The Saudis and OPEC: Behind the Flare-up

Douglas W. Lyon, Ph.D., CPA  |  Business Fundamentals

The Saudis are concerned with maintaining worldwide demand for oil. Hence, the are working to keep a lid on oil prices.