Business

Responding to Sri Lanka’s Economic Crisis

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.

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

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.

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What Does the Next OPEC Meeting Have in Store?

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.

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The Old Oil Order Is Collapsing

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.

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Why China is Really Dictating the Oil Supply Glut

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.

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Water Scarcity May Hit Economic Growth: World Bank

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.

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Angola: Risk and Reward

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

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Beyond Saudi Arabia’s Ambitious Plan to Diversify Economy

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.

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Lithium War Heats Up After Epic Launch of Tesla Model 3

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”.

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Will Sri Lanka Overcome its Economic Woes?

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.

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