Tuesday, October 28, 2008

Top 20 oil and mining stocks down by $3.4 trillion

Mineweb reports that the top 20 mining stocks in the world have lost an average of 74% of the value from their peaks, equal to $1.1 trillion.

The world's top 20 oil and gas companies are down only 60% from their highs, with a loss of $2.2 trillion. But if you think your stocks are trash, consider major Russian oil companies which have lost 76-81% of their values.

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