April 30, 2017

Are US Drillers Actually Making A Comeback?

Shale gas well, Pennsylvania USA. (Photo by Image Library, Creative Commons License)

The US oil rig count has plummeted since October 2014, falling from 1,609 down to 668 as of May 8. If oil companies oscillate between cutting back and adding more rigs as the price of oil bobs above and below the $60 mark, they won’t exactly be raking in the profits. Read More »

Renaissance or Mirage: Can Africa Sustain its Growth?

Rock blasters in Nigeria, (Photo by e.r.w.i.n., Creative Commons License)

How realistic are expectations about Africa’s economic prospects? There are several reasons why we should be both optimistic and cautious about the continent's future economic performance. Read More »

Saudi Arabia Continues to Turn Screws on U.S. Shale

(photo by Jon Rawlinson, Creative Commons License)

As Saudi Arabia ramps up, U.S. shale is being forced to cut back. This story has been told many times over the past few months, but the data is finally confirming the success of Saudi Arabia's strategy, albeit a minor one thus far. Read More »

What the AIIB Can Learn from World Bank Shortcomings

(Photo via aiibank.org)

China pursuing the AIIB and other initiatives that do not include the US, while the TPP negotiations do not involve China, creates a risk of competing blocs and institutions. But the most likely outcome is that the world ends up with a more robust and inclusive set of institutions. Read More »

Why the US Should Worry About Oil Sector Jobs

Photo by Pete Markham, Creative Commons License)

Unfortunately, as helpful as the energy sector was in buoying the U.S. during the Recession of 2008, the energy sector may now hold down the economic expansion just as the economy is starting to pick up steam. Read More »

David V. Goliath: Small-Cap Tech To Save Giant Coal

(Photo by Ian Britton, Creative Commons License)

The first-generation mercury emission technological solutions missed the mark. Their activated carbon filtration technology was too expensive, using up to $5-$6 million per energy generating unit (EGU) per year. Overall, this brand new multi-billion sector is poised for overnight gains, with analysts predicting that the industry will outperform the S&P broader market substantially. Read More »

Pakistan, India Must Go Beyond MFN Status

(Photo by Giridhar Appaji Nag Y, CC License)

Amidst the hype around Pakistan granting India the MFN status, it must not be forgotten that in the absence of appropriate measures to address infrastructural and communication concerns, the process of trade liberalization and economic integration will remain incomplete. And not just between India and Pakistan. Bringing the trade dialogue under the SAARC umbrella would help all members to deal with common issues at one platform. Read More »

Tesla Could be Changing the Dynamics of Global Energy

(Photo by Arnold de Leon, Creative Commons License)

Effective battery storage for large amounts of energy would be a game changer in that it would enable a separation of generation and use of energy produced through clean fuels like solar and wind power. As supply costs fall, battery production costs across the industry would fall leading to increased quantity demanded by consumers and businesses. Read More »

Ethiopia’s Stellar Growth

Addis Ababa's skyline is dotted with high rise buildings. (Photo by  Laika ac, Creative Commons License)

Over the last decade, Ethiopia has emerged as one of the fastest-growing economies in Africa. Even though “double-digit” growth has become something of an official mantra, independent appraisals still put it at over 10 percent from 2003-13, double the sub-Saharan average. Growth is driven by a determined government policy of creating the conditions for development, notably through a massive level of infrastructural investment. Read More »

Oil Price War May Benefit Both US Shale and Saudi Arabia

(Photo by London Permaculture, Creative Common License)

Who will win the oil price battle, Saudi Arabia or US capitalism and shale producers? Probably both; US oil producers are taking unparalleled steps to lower their costs. By the same token, Saudi Arabia is the king of the oil markets for a reason – geologically it is essentially the perfect oil producer Read More »