March 25, 2017

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 »

Tesla, Other Tech Giants Scramble for Lithium as Prices Double

(Photo by Open Grid Scheduler / Grid Engine
Follow, Creative Commons License)

Driven by the rise of battery gigafactories and game-changing Powerwall and energy storage businesses, the world now finds itself at the beginning of a lithium super cycle that is all about securing new supply, much of which is poised to come from lithium superstar Argentina. Read More »

$85 Crude Oil By Christmas – An Interview With Mike Rothman

(Photo by SMelindo, Creative Commons License)

While Saudi Arabia has been burning through $12-$15 billion per month from its financial reserves to fund government spending through this period, it seems the policy is that the path to a much higher price and higher revenue will come about by allowing for a prolonged low price. Read More »

Is the American Dream Dead?

The American dream has taken a bit of a beating lately. (Photo by futureatlas.com, Creative Commons License)

The Conversation Editor’s note: This article kicks off our collaboration with Point Taken, a new program from WGBH that premieres Tuesday, April 5 on PBS and online at pbs.org. The show will feature fact-based debate on major issues of the day, without the shouting.   The American Dream that has existed in this country for over 50 years is on ... Read More »