Soros Fund Management withdrew its stocks from three companies that were energy production firms. The board of directors made an agreement on this issue after several meetings. Arabian countries that produce oil were a bit hesitant about producing oil. It was a tough choice for them but their financial interests were at risk. This is because of the fluctuation in energy prices in that year. The law of supply and demand governs economic activities today. The rate in which commodities are supplied depends on the demands.
According to The Street , stocks exchange, crude oil products are reducing in value. Three years ago, these shares were three times valuable than the present ones. Investors from various parts of the world are afraid about the future projections. Mechanisms have been adopted by many companies to stabilize these stocks. Distributors of crude products have also been urged to come up with new marketing strategies. Consumers on the other hand have played a bigger role in determining the value of stocks because they purchase petroleum items.
The amount of money budgeted for energy in the U.S is high. This is because most human activities rely on this power source. Consumers are also saving a lot from low fuel prices. The fluctuation of these prices is however a barrier to investment. According to research conducted by Goldman Sachs, one third of capital expenditures are spent on energy. Fuel consumption in the world is alarming. This is because many machines these days rely on petroleum products for operation.
Interesting information about George Soros can be found on The Street website. He has been supporting democratic ideals for thirty years. His interests in human activism helped to eradicate communism when he provided Xerox devices. These machines had the ability to duplicate banned material. They also encouraged cultural exchanges within countries of the West. He runs a philanthropic organization that champions for democracy. A good number of African students have benefited from scholarships given by him. This organization has spread in one hundred countries and it tries to advocate for human rights.
George Soros is the chairman of Soros Fund Management. He is a graduate of Economics and he is considered a successful financer in the books of history. This financer was born in London and became a billionaire by making wise investment decisions. He began with little funds then made a fortune out of it. According to him, independence depends on the success levels of people within a financial market. Investing in an activity is all about taking risks. He once gained critical acclaim after trading ten billion dollars on a currency speculation. The outcome was profitable because he made a profit of two billion dollars within a day.