“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,…
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…
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…
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…
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…
Some three weeks after the reported meeting of the CIA chief William Burns with the Crown Prince of Saudi Arabia Prince Mohammed bin Sultan, the OPEC+ ministerial held a videoconference on Thursday. The OPEC+ meet drew satisfaction that “continuing oil market fundamentals and the consensus on the outlook pointed to a balanced market.” The press…
