Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun Plural form of
petrostate .
Etymologies
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Examples
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Working in the rich world—with its more predictable taxes and investor-friendly policies—removes some of the risks about the big oil companies that worry investors, making them less vulnerable to the resource nationalism of petrostates like Russia and Venezuela.
Big Oil Heads Back Home Guy Chazan 2011
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The EFSF is planning to approach other cash-rich nations such as Brazil and petrostates in the Middle East, people familiar with the matter said.
Move to Beef Up Fund Has Blank Spots David Gauthier-Villars 2011
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Oil markets have been gyrating amid fears that the chaos in Libya could spread to petrostates in the Persian Gulf, potentially disrupting global oil supplies.
Oil's Rise Threatens Economic Growth Guy Chazan 2011
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But the petrostates are, understandably, now in a collective freak-out; the Germans can't quite believe how insufficiently insulating their rectitude is in a crunch; and all of the Asian surplus economies have been hit, in just the past few months, by shocking drops in growth.
Scott Malcomson: Nationalism Is Back! Adieu, Davos Man? 2009
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Fair enough: but what about the deeper problem of how savings surpluses (in China and the petrostates) relate to credit surpluses in the rich world?
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Others suddenly find themselves no longer rising (see this week's cover story on the decline of the petrostates).
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This time, the situation is more worrisome because today's financing comes not from U.S. allies, but from strategic rivals like Russia, China and a number of relatively unstable petrostates.
Expect the World Economy to Suffer Through 2009 Ian Bremmer 2009
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So the question remains: when the petrostates are ready to deal, will the West be ready?
How the West Can Capitalize On the Big Drop in Oil Prices 2008
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So Cambodia's farm potential gives it an advantage over other emerging petrostates like East Timor and Papua New Guinea, and Commerce Minister Cham Prasidh wants to triple exports of milled rice to 5 million metric tons in the coming years.
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Outside the big surplus countries like China and the petrostates, a rising number of nations have been running big trade and capital deficits.
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