There is real power in the word “No.” In fact, I’d argue that it is the single most powerful word in any language. In the midst of the worst market meltdown in a dozen years which has at its source problems within global dollar-funding markets, Russia found itself in the position to exercise the Power…
The India-Saudi relationship was historically a finely poised balance of mutual interests despite all contradictions. Its glacial pace had an inner logic — don’t push too hard, as life is real. But the Modi government quickened the pace — probably with an eye on Muslim politics. Petrodollar recycling is largely about the bulk of petrodollar…
The International Energy Agency forecast that the US could become the world’s top oil exporter by 2024. The report attributes this to “the incredible strength of its shale industry”, noting that it amounts to “a pivotal milestone that will bring greater diversity of supply in markets.” Although the agency’s full forecast isn’t available for free,…
Cold War 2.0 has hit South America with a bang – pitting the US and expected minions against the four key pillars of in-progress Eurasia integration: Russia, China, Iran and Turkey. It’s the oil, stupid. But there’s way more than meets the (oily) eye. Caracas has committed the ultimate cardinal sin in the eyes of…
The Bolivarian Republic is experiencing an unprecedented crisis after the US and many of its Latin American allies from the so-called “Lima Group” recognized Juan Guaidó as the country’s “interim president”. The 35-year-old head of the National Assembly seemingly came out of nowhere in his meteoric rise to power and symbolically declared himself the head…
OPEC has been dominating the oil market since its inception in 1960. Together, the members possess approximately 82 percent of global conventional oil reserves and produce 32.6 million barrels per day. Technological developments such as fracking and the cartel’s decreasing share of global production have eroded the organization’s influence. The flexibility and speed with which…
