I had a notable conversation a few months back with a friend regarding doing business in India.He remarked that unlike many places in the world, corruption and bureaucracy here have gotten worse. To the point where even local business people are shunning new ventures in the country.A couple of items yesterday suggest these problems may be coming a head. Suggesting some profound changes coming for the natural resources world.First, in iron ore.Reports emerged in local papers that a spiralling scandal may be threatening to derail the prolific iron…

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via OilPrice.com Daily News Update http://oilprice.com/Finance/investing-and-trading-reports/A-Resource-Superpower-on-the-Verge-of-Total-Failure.html