Draghi On the Way Out in Italy

Draghi On the Way Out in Italy

Italian Prime Minister Mario Draghi is out. He tendered his resignation to President Sergio Mattarella. Mattarella is refusing for now. There will be another confidence vote. It shouldn’t matter. As is always the case with Italian politics, the story is always far murkier than the headline. The headline is Five Star Movement (M5S) leader Giuseppe…

Meet the New Boss; Putin Reroutes Critical Hydrocarbons Eastward Leaving Europe High-and-Dry

Meet the New Boss; Putin Reroutes Critical Hydrocarbons Eastward Leaving Europe High-and-Dry

“Rejection of Russian energy resources means that Europe will become the region with the highest energy costs in the world. This will seriously undermine the competitiveness of European industry which is already losing the competition to companies in other parts of the world…. Our Western colleagues seem to have forgotten the elementary laws of economics,…

Kissinger Nails It. For Once.

Kissinger Nails It. For Once.

Do you know why Henry Kissinger’s speech at the World Economic Forum touched-off such a furor? Kissinger didn’t criticize the way the war in Ukraine is being conducted or the lack of progress on the ground. No. What Kissinger criticized was the policy itself, that’s what triggered the firestorm. He was throwing a bucket of…

Pakistan Needs to Get Its Story Straight about Russian Oil

Pakistan Needs to Get Its Story Straight about Russian Oil

Taken together, the conflicting statements from the new Pakistani officials about oil deals with Russia and the narrative pushed by some of those influencers who support them lead to the undeniable conclusion that Islamabad hasn’t gotten its story straight about this issue. From an outsider’s perspective, these two developments very strongly suggest that the new…

The Real Reason Behind the EU’s Drive to Embargo Russian Oil

The Real Reason Behind the EU’s Drive to Embargo Russian Oil

This week the European Union is expected to announce a complete import ban on Russian oil. Hungary, in its first real act of defiance, is threatening to veto this; Germany, after some hemming and hawing, has finally decided it can survive such a ban. Assuming Hungary’s objections are eventually overcome, at first blush this looks…

Imran Khan Has a Solid Point About India Buying Russian Oil Despite Its Ties with the US

Imran Khan Has a Solid Point About India Buying Russian Oil Despite Its Ties with the US

Relations with Russia were largely an abstract concept for those in Pakistan who were even aware of how rapidly ties had been improving in recent years, but Prime Minister Khan just made them a focal point of his campaign for immediate, free, and fair elections by explaining how they would have improved their everyday lives…