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August 28, 2006

Spreading our wings to Almaty, Mon., Aug. 28, 2006, 5:49 PM

Energy is one of our most basic needs, so we need to learn as much as possible about energy markets and products. Thank you Peter for leading me to the next magazine I'll buy.


"Hi Bill,

If you have the time and the interest, I recommend picking up the September 2006 issue of Scientific American "Energy's Future Beyond Carbon".

It's one of their special issues, this time concentrating on energy and our various options. In light of energy's central importance, and the various claims and numbers that get thrown around in discussions, I think objective reading along the lines of Scientific American is necessary.

Keep up the excellent work. Thank you also for putting those 'anti-politics' proselytisers in their place.

Kind regards,

Peter"



Russia and Kazakhstan are key to the global oil market. Russia you know already; Kazakhstan you might not know, but it happens to be the ninth largest country in the world by area. Its natural resource riches, including oil, will enable the country to approximately triple GDP between 2000 and 2015.

I have readers there, and I'm part of an Old Boys Club at a professional accounting firm that is looking to recruit three senior energy people. They hired a London England based head-hunter firm who have advertised.

I'm in no way connected to the deal, but I think, for the right candidates, these jobs could be good ones, so I'm passing along the mail.


"Bill,

(Mr. B) suggested I give you a ring. I am a headhunter and am looking for senior Performance Improvement consultants to be Equity Partners in the Eastern European practice of PwC. I am looking for people with experience of PI preferably in the Oil & Gas and Energy sectors or at least including some experience in this sector.

They will come either from a Big 4 accounting firm or other Management Consulting firm or indeed they may have gained their experience in an Operational role in an appropriate company. Their experience may be either financial or operational.

As you can see from the attached Job descriptions I am looking for people at three levels-a Lead Partnerfor the practice based in Moscow, a Director or Junior Partner in Moscow and a Partner based in Almaty. Partner remuneration in this very profitable and fast-growing practice is (excellent) and the tax rate there is only 13%!

I would be very grateful for any suggestions as to suitable people for these roles-either candidates or sources who could put me in touch with such candidates.

Many thanks and I look forward to hearing from you.

Yours
Sam Bell"



At some point, I hope that myGrassroot is able to pass along opportunities like this every day and that the people who get involved take the time to pass along their knowledge and experience.

We should be able to say: "Oil in Almaty Kazakhstan?... Oh yes, that's Frank or Marie."

And when we can say that, we will know we have our own army at work 24 hours a day in every nook and cranny of this earth. Then we'll see just how big "They" are compared to "Us".

Posted by Posted by Bill Cara on August 28, 2006 05:49:45 PM | Category: Virtual Investor Club

Discourse

There are approximately 130 Canadian companies active in Kazakhstan - over 35 of them have a permanent presence. Two-way trade totaled in 2005 over CAD $600 million which is an increase of 54% compared to 2004 and almost 18 times more than in 2000. The stock of Canadian investment in Kazakhstan is close to $3 billion and is constantly increasing due to inflows of new investors and current commitments by the existing players.

http://www.dfait-maeci.gc.ca/canada-europa/kazakhstan/right_nav/canada_kazakhstan-en.asp

Looks like Borat isn't the only one profiting from Kazakhstan...

Posted by: wavesmash [TypeKey Profile Page] at August 28, 2006 7:29 PM [link]

Bill, I am a utilities professional who comes from the "Big Five" accounting firms. I currently am in an "official" position dealing with Central Asian energy issues. I have read your commentaries with interest for a long time. I respect your opinions, but I don't feel it is appropriate for you to put a recruiting ad for PWC on your website. PwC is a big company with a big advertising budget, and they are using you to post their ads.

Posted by: doctoral [TypeKey Profile Page] at August 28, 2006 7:50 PM [link]

Wondering why spot gold fell off a cliff at the beginning of the NY trading day today. The invisible hand again?

Posted by: jcf [TypeKey Profile Page] at August 28, 2006 9:57 PM [link]

Doctoral -

After all, it is BILL's blog! And I don't think he's going to allow himself to be "used" ... I imagine he thinks it's a quality opportunity with quality principals and wants it to go to a quality person!

Posted by: Jock [TypeKey Profile Page] at August 28, 2006 10:04 PM [link]

Doctoral,

Yours is the conventional view, and I respect your opinion. I am sure it is shared by others. My judgments and opinions, however, are what readers come to this blog for, and readers know I am an out-of-the-box thinker. I expressed the reasons I included that article, which by way of clarification are:

1. Energy is perhaps the world's most important economic market, and energy in economically important Eastern Europe is a driving factor for huge economic growth there, which is fueling the demand for high-paid professional workers. Perhaps by pointing that out, traders won't be so willing to accept the notion that the world's oil market is dictated by fears of a single hurricane in the Straits of Florida or a Washington political debate about drilling in an Alaska wildlife refuge or trading oil prices just on the NYMEX.

2. By extending this blog's network to well-connected professionals like Sam Bell/Curzon and PwC Eastern Europe, all of us derive a future benefit in that the people we help today can help connect us to well educated and informed people in the most remote places on earth, who will become Grassrooters, so we all get to draw on their knowledge and experience. That's a win-win. I am going to find a way -- one way or another -- where we together quickly build an army of tens of thousands of Grassrooters in every country, in every city, and every remote place, and I agree that some of you may find my methods unusual. I am just surprised any of you could possibly feel I was exploited, but I thank you for caring.

btw, how many of you are aware that Almaty Kazakhstan is a city of 1.2 million people, with five universities, and major winter sports. The city was an applicant to host the Winter Olympic Games of 2014. As "wavesmash" pointed out, Canadian business people have embraced Kazakhstan -- Almaty is the commercial center -- and Canadian trade and investment has zoomed there. So now, some of you learned something you didn't know a couple days ago, which is a reason I blog.

Posted by: Bill Cara [TypeKey Profile Page] at August 29, 2006 7:44 AM [link]

Bill, you're right. I learn something from your blog daily. I apologize for my suggestion! I've actually been working on energy issues in Central Asia for the past 3 years, and have traveled throughout the region. I have to say that perhaps one of the most important issues is transparency and adequacy of financial controls in the energy sector. The technology is there to develop the large hydrocarbon and hydroenergy resources. Good disclosure, financial controls, and proper accounting are certainly a key to the long term impacts of energy resource development. I'll restrain myself next time....

Posted by: doctoral [TypeKey Profile Page] at August 29, 2006 8:47 AM [link]