Royal Dutch Shell buys BG Group, and Caplan on libertarian economics
Energy companies have not been doing so hot these days, particularly in the face of plunging oil prices. As a result, some energy companies are preying on their weak competitors. This week, Royal Dutch Shell agreed to buy BG Group, a British multinational oil and gas company – coming with a hefty price tag of $70 billion. That's a 50% premium to BG’s market price. Boom Bust guest host Ameera David weighs in.
Then, Ameera sits down with Bryan Caplan, professor of economics at George Mason University and blogger at EconLog. Bryan tells us what kind of economic policies he expects Senator Rand Paul to propose during his presidential run and explains the difference between libertarian and Republican economic policy.
After the break, Erin gives us some insight into the energy sector in China, and Bianca gives us a quick breakdown of other major business stories of the day, going over earnings season, jobless claims, and the Apple Watch.
And in The Big Deal, Ameera and Edward further the discussion on earnings.
Take a look!
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