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James Passin, a hedge fund manager at New York-based Firebird Management, believes the nuclear-armed country sits on as much as 1 billion barrels of crude -- enough to make it as big a producer as Oklahoma. If the oil exists, he wants to help unlock it.
Mr Passin is also wagering on distressed debt in the South Pacific.
originally posted by: donktheclown
a reply to: SurrenderingIsBack
Say what you will about the N.Korean regime or propaganda aimed at against it.
That's great news. Just what the world needs - Glorious Nutjob will have more cash and his people will suffer more.