by Mark

I just read that a rig in eastern Mongolia has hit oil.  There is not any word on the size of the strike or quality of oil.  Is it a good thing?  It could be a double- edged sword.  A potential greatly needed upswing for the economy here or it could greatly complicate the delicate waltz of statesmanship.    This is a recent article (Aug. 2) from Reuters on what to watch in Mongolia  Political risks to watch in Mongolia.  Its a good “nutshell” summary of what Mongolia is facing.