Economics & Global Affairs

262 Items

Secretary Pompeo Meets with Saudi Crown Prince Mohammed bin Salman

U.S. Department of State

Analysis & Opinions - Foreign Affairs

Saudi Arabia’s Empty Oil Threats

| Nov. 01, 2018

The brazen murder of Washington Post journalist and U.S. resident Jamal Khashoggi has elicited that rarest of reactions in contemporary U.S. politics: bipartisan consensus. President Trump’s administration, however, has adopted a notably restrained response thus far. US administration officials reportedly worry that by applying too much pressure on the kingdom, they could inadvertently “jeopardize plans to enlist Saudi help to avoid disrupting the oil market.” The Trump administration has been counting on Saudi Arabia, as the world’s swing producer, to increase its oil production to help offset the anticipated loss of Iranian supply come November 5, when sanctions lifted under the Iran nuclear deal are re-imposed. While Saudi Arabia does have the ability to impose costs on the United States if it is displeased by forceful action on the Khashoggi affair, Saudi threats to sabotage President Trump’s Iran policy through manipulating the oil market do not appear credible

Some Context for Canadians Who Love or Hate the New Nafta

Robert Linsdell/Flickr

Analysis & Opinions - Bloomberg Opinion

Some Context for Canadians Who Love or Hate the New Nafta

| Oct. 30, 2018

Americans are not the only ones still unpacking the new USMCA trade deal that is due to replace Nafta. Two issues have received a great deal of attention in Canada — one which is misunderstood as a great concession by Canada and the other wrongly celebrated as an unequivocal victory. Both deserve a deeper look.

Uncovering the Domestic Factor in the Sino-Russian Energy Partnership

World Bank Photo Collection/Flikr

Journal Article - Taylor and Francis

Uncovering the Domestic Factor in the Sino-Russian Energy Partnership

| Oct. 15, 2018

The article outlines the role of national narratives in driving both Russia and China’s energy foreign policy and goes on to argue that the Sino-Russian gas breakthrough in 2014 was due to the peculiar way in which domestic factors paired with international circumstances to produce the outcome at that particular moment.

Photo of Khalid Al-Falih, Minister of Energy, Industry and Mineral Resources and the OPEC Secretary General of Nigeria speak to journalists prior to a meeting of OPED in Nov. 2017

(AP Photo/Ronald Zak)

Analysis & Opinions - Wall Street Journal

Rising Oil Prices Are Bad News for Saudi Arabia

| Sep. 26, 2018

Oil prices are on their way up. Iranian sales have declined under pressure of a U.S. embargo. Venezuelan production is disintegrating apace with the country. Saudi production is nearing its limit, and the Organization of the Petroleum Exporting Countries shows no sign of increasing production. Brent crude futures topped $80 a barrel Tuesday and may reach $100 before the end of the year.

Good news for oil-rich Saudi Arabia? In the very short run the answer is yes. But an increase in oil revenue only compounds the kingdom’s larger problems of economic and social malaise.

How sovereign wealth funds are inflating the Silicon Valley bubble

Flickr/Steve Jurvetson

Analysis & Opinions - The Conversation

How Sovereign Wealth Funds Are Inflating the Silicon Valley Bubble

| Aug. 21, 2018

Elon Musk jolted markets and shareholders when he tweeted his intention to take his electric car company, Tesla, private. Saudi billions, he proposed, could help the company escape the pressures of being publicly listed. In a blog post, Musk said that “the Saudi Arabian sovereign wealth fund [had] approached [him] multiple times about taking Tesla private”.

Trump Wouldn’t Owe Putin a ‘Thank You’ for Selling More Oil

Kremlin.ru/Wikimedia Commons

Analysis & Opinions - Bloomberg Opinion

Trump Wouldn’t Owe Putin a ‘Thank You’ for Selling More Oil

| July 14, 2018

After a tumultuous week of unpredictable twists and turns during President Donald Trump’s visit to Europe, anxiety levels have risen among experts and policy makers about the coming summit between Trump and President Vladimir Putin. As President Trump himself has noted, there is no shortage of issues demanding the attention of the two leaders: Syria, Iran, arms control and — who knows — maybe even Russia’s interference in America’s elections. But energy could snake its way onto the agenda, and Trump needs to be careful not to give Putin concessions in exchange for something the Russian president already plans on doing.

LNG Carrier

Wikimedia Commons

Analysis & Opinions - Bloomberg Opinion

Chinese Tariffs on U.S. Energy Would Signal a New Attitude

| July 10, 2018

In placing retaliatory tariffs on certain goods and products, America’s trade partners have signaled how well they understand American politics. By targeting products from areas supportive of President Donald Trump, they clearly hope to generate pressure to lift U.S. tariffs or even create broader political problems for the president. But China is sending much more interesting — and complex — messages with its indication that it may place retaliatory tariffs on U.S. energy exports.

OPEC Headquarters

i_csuhai/Flickr

Analysis & Opinions - Bloomberg Opinion

Lessons for Trump After His Clumsy Dance With OPEC

| June 28, 2018

The world was in suspense a week ago wondering whether OPEC and non-OPEC producers would put more oil on tightening global markets. Turns out: Yes, they will. But, as the story does not end here, it is worth assessing where we are and how we got here. While the U.S. seems to have gotten what it wanted, it is not all good news.