In our previous article (Crisis of Capitalism? Two Missing “Black Swan” Events), we envisioned that the combined weak western and global economies coupled with the Coronavirus COVID-19 pandemic and, then crowned by the Saudi/Russian/UAE flooding of the oil market to crash prices and drive out the US Shale oil producers, could devastate the US and global economies. We Continue reading “Did OPEC Bite Off More Than It Can Chew?”
Category: Economics & Business
Crisis of Capitalism?
The present status quo of the world reflects neither calm nor confidence. It has become highly charged and the natural human hegemonic tendencies have kicked into high gear for the final battle between the ‘uni’ and ‘multi-polarists’. Continue reading “Crisis of Capitalism?”
The Lions’ Retirement Plan
Once upon a time, there was lush jungle with an attached rich Savannah grassland. All the animals lived contentedly and daily ate their fill, especially the lions who, at the top of the food chain, could eat anything they fancied. Continue reading “The Lions’ Retirement Plan”
The Oil Game Has Changed
The Players Have Changed
US oil production is rapidly growing and has reached 11.2 million barrels per day in Nov 2018, is expected to reach 12.05 m/bpd next April and 12.29 m/bpd by year end 2019. The pipelines bottleneck Continue reading “The Oil Game Has Changed”
Are Oil Prices Rising or Falling?
Not only are the current views contradictory but each is supported by arguments and evidence, which increases the confusion and frustration of anxious listeners worried about their economic future. Continue reading “Are Oil Prices Rising or Falling?”
Daily Basket of News Commentary – Sep 26, 2018
Daily Basket of News Commentary – Sep 26, 2018
Iran Oil Exports?
India might continue buying Iranian oil via a Rupee payment scheme. India consumes 4.7 Million bpd (approx. 5% of world oil production) and is expected to reach 10 million bpd in 2040. It is difficult to see India putting its economy in jeopardy and taking sides in an unrelated problem i.e. the US/Iran quarrel – especially since the Iranian oil is cheaper than the competition. Continue reading “Daily Basket of News Commentary – Sep 26, 2018”
Daily Basket of News Commentary – Sep 25, 2018
Daily Basket of News Commentary – Sep 25, 2018
Will the armed attack in Ahwaz contribute to an oil price rise? So, think some analysts, especially if the matter escalates regionally, in which case the world economies will be suffer and so will the Middle East producers. Continue reading “Daily Basket of News Commentary – Sep 25, 2018”
OPEC’s Current Dilemma
As the US second and tougher sanctions on Iran approach (Nov 4th), many countries have begun to reduce their purchases of Iranian oil and its exports have already dropped one million barrels a day (from a high of 2.7 Million bpd to 1.7 Mill bpd in August 2018). Continue reading “OPEC’s Current Dilemma”
Qatar Gas and the US/China Trade War
Qatar Gas and the US/China Trade War
– As the trade war skirmishes between the US and China increase in intensity, China is actively shoring up its defenses. Continue reading “Qatar Gas and the US/China Trade War”
Is Gold Price Changing Direction?
As everything else, gold price is determined by supply and demand. However, it is also affected by the US Dollar exchange rate, because it is priced/Quoted in Dollars. If the Dollar rises in the forex market, gold prices tend to drop and vice versa. (Oil prices are similarly affected). Continue reading “Is Gold Price Changing Direction?”