Commodities
Former OPEC Member Indonesia Diversifies Its Energy Matrix
Indonesia, which had begun producing oil in the early 20th century, had such substantial production that it was a major impetus for Japan invading the Dutch East Indies, as Indonesia was then known, in December 1941. Over the last several decades the country has seen its production relentlessly slide, so much so that it left OPEC in 2008, seemingly confirming Marion King Hubbert’s “peak oil” theory. But, rather than looking back, Jakarta is looking forward on a number of post-oil energy fronts. The archipelago is the… Read more...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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| 12,218.62 | 1,290.75 | 2,778.62 | 14.94 |
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0.87 |
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SPDR Gold
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