Russia is going to be a destination for safe-haven flows in the post-COVID-19 world. It will be due to its vast savings, prudent fiscal policy and maneuver room available in monetary policy. The biggest reason, however, for why I think Russia looks attractive to foreign investors is simply because of its political stability. Putin deftly…
The revenue generated by state-owned Saudi oil company Saudi Aramco accounts for up to 80% of the kingdom’s fiscal budget. The company did not hide its losses, and officially reported a decrease of $22.9 billion in net income in 2019, and there have also been serious spending cuts on development, i.e. on maintaining and increasing…
According to a number of cognitive scientists, mankind uses its unique ability to reason primarily for justifying pre-held convictions, rather than for forming convictions. It is of critical importance for strategists to understand and acknowledge this human tendency, as it causes one to easily fall prey to a number of cognitive biases, which prevent one from…
Saudi Arabia’s oil spat with Russia throws a spanner into the works of the Kingdom’s long-standing effort to hedge its bets, a strategy that has taken on added significance as the Gulf comes to grips with the likelihood that the region’s security architecture will fundamentally change. Saudi Arabia, despite a primary focus on close ties…
The media has decided that the reason oil prices are plunging, is not because the impulsive Saudis want to bully Russia into output cuts that aren’t in Russia’s best interests, but because sinister Mastermind, Vladimir Putin, wants to obliterate America’s domestic oil industry so he can rule the world. For brainwashed Americans, who believe that…
Saudi Arabia launched an all-out oil war offering unprecedented discounts and flooding the market in an attempt to capture a larger share and defeat other oil producers. This “scorched earth” approach caused the biggest oil price fall since the war in the Persian Gulf in 1991. It all began on March 8 when Riyadh cut…
