Imminent Battle Over PIB
[Vanguard]The looming and imminent battle over the Petroleum Industry Bill, PIB, is at the end of the day a fight about money. It is about how the oil wealth will be shared from now on. For that reason, it is going to be brutal, and anyone without a tough skin should avoid it. We are in this predicament because we had for too long neglected diversification of our economy; a step which would have reduced our dependence on oil.