April 26, 2017

Responding to Sri Lanka’s Economic Crisis

Sri Lanka's some reforms may mean some tough times for its population. (Photo by  Patty Ho, Creative Commons License)

The gloomy short-term economic forecast is bound to test the strength of Sri Lanka’s ruling coalition. In managing painful economic reforms, the government’s hard work is only beginning. Read More »

Think Beyond Oil And Gold: Interview With Mike ‘Mish’ Shedlock

The San Ardo Oil Field in California from the Coast Starlight. (Photo by Loco Steve, Creative Commons License)

No one really knows where oil will be around Christmas. While we may have already seen the bottom, stock prices are not the bargain they were. Read More »

What Does the Next OPEC Meeting Have in Store?

(Photo by Day Donaldson, Creative Commons License)

The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran. Read More »

The Old Oil Order Is Collapsing

An oil refinery in Saudi Arabia. Much of the oil producing countries need the oil prices to stay at least at $54 a barrel to balance their budgets. (Photo via video stream)

If even Saudi Arabia is ready to move away from its reliance on petroleum, we're indeed entering a new world — one in which the titans of oil production will no longer hold sway over our lives. Read More »

Why China is Really Dictating the Oil Supply Glut

China has been on oil buying spree ever since the global oil prices plunged. (Photo by Pieter van Marion, Creative Commons License)

China’s massive oil imports despite dropping domestic demand are contributing to driving the oil prices up. If their imports drop, the world will return to the supply glut and oil prices will retrace back to the lower $30s/b. Read More »

Water Scarcity May Hit Economic Growth: World Bank

Climate change may seriously impact Pakistan in South Asia, which has poor water conservation record. (Photo by U.S. Embassy Pakistan, Creative Commons License)

The negative impacts of climate change on water could be neutralized with better policy decisions with some regions standing to improve their growth rates by up to 6 percent with better water resource management. Read More »

Angola: Risk and Reward

A view of Luanda's skyline. (Photo by David Stanley, Creative Commons License)

This sub-Saharan country is trying to diversify its economy and reduce its dependency on oil exports. Read More »

Beyond Saudi Arabia’s Ambitious Plan to Diversify Economy

The prince wants to attract more international investment, and part of that could include loosening the country's strict social and moral rules.  (Photo by dr. zaro, Creative Commons License)

But Prince Mohammed faces a tough challenge – modernizing the economy and society will require him to confront religious conservatives, a faction that the government has allied with for many decades. Read More »

Lithium War Heats Up After Epic Launch of Tesla Model 3

Tesla Model 3. (Photo via video stream)

The electric car is no longer elite. Now it’s for the masses, and the masses will need more lithium than we can currently get our hands on. It’s a wide-scale energy revolution that will end being the first nail in the coffin for fossil fuels and the heralding of a new era of lithium, the “white petroleum”. Read More »

Will Sri Lanka Overcome its Economic Woes?

government’s populist posture prevented it from implementing any structural reforms to expand the tax base or end its generous subsidy regime, resulting in a massive debt burden. (Photo by Adam Jones, Creative Commons License)

It appears that Sri Lanka is in for some tough negotiations with the IMF. It has to address the structural issues, bring in financial reform to expand the tax base, reduce unnecessary expenditure and address the budget deficit. And it must do all these in a difficult political climate. Read More »