A new report from Citigroup’s Heidy Rehman suggests that Saudi Arabia’s domestic petroleum consumption may equal production in 2030, leaving none to export. Of course, it won’t get this far—the kingdom’s balance of trade would quickly become unsustainable as oil exports dropped—but the report still highlights one of the many distortions in the Saudi economy. Read Here – […]
With Arctic ice melting at record pace, the world’s superpowers are increasingly jockeying for political influence and economic position in outposts like this one, previously regarded as barren wastelands. At stake are the Arctic’s abundant supplies of oil, gas and minerals that are, thanks to climate change, becoming newly accessible along with increasingly navigable polar shipping shortcuts. […]
In the complex chessboard where the New Great Game in Eurasia is being played, both Kings are easy to identify: Pipelineistan, and the possible, multiple intersections of a 21st century Silk Road. Few have noticed a crucial meeting that took place during the recent Non-Aligned Movement (NAM) summit in Tehran, between senior Foreign Ministry diplomats […]
Across Africa, oil, gas and minerals are being discovered more often than ever before. Nowhere is the global commodities boom being felt more acutely. Over the next decade, billions of dollars will flow into countries previously starved of financial capital, Kofi Annan writes. Read Here – International Herald Tribune
