Summary: In our age some of the greatest conflicts see no shots fired, such as the oil price “war” begun by the Saudi Princes. Opinions differ about the eventual outcome. I say bet on the Saudis to win. But nothing is simple. Here regional expert Vijay Prashad sees the Saudi Princes making a foolish and …
Professor Vijay Prashad: Saudi Arabia Is in trouble & makes a big mistake Read More »
Summary:Â Saudi Deputy Crown Prince Mohammed bin Salman gave his first-ever live interview to announce a bold new plan for the Kingdom. Stratfor sketches the details. It’s the standard conservative schtick: “tightening the social contract” (i.e., cutting subsidies to the public), privatizing national assets, and big talk about a glorious future — in which the …
Stratfor looks at the Saudi Princes’ plans for a 21stC Kingdom under their rule Read More »
Summary: The great struggle to manage or even control oil prices again dominates the world economy and the news headlines. Yet even the basics are poorly understood, cloaked in myths and misunderstandings. Here is a quick sketch of how the oil boom brought us here, how the bust will end, who will win, and what …
The oil bust will deepen before prices skyrocket. Even wilder swings lie ahead. Read More »
Summary: The mining and manufacturing sectors of the US economy have rolled over. Perma-bear websites publish lurid descriptions of the horrific effect this will have on the US economy. What’s the truth? {2nd of 2 posts today.} (1) The manufacturing collapse Perma-bears often describe the manufacturing sector as in a downturn, sometimes as in a …
Mining and manufacturing are in recession. Will America follow? Read More »
Summary: The peak oil hysteria provides rich lessons for us today about learning from activists and the value of listening to our major professional institutions. Easy cynicism led people to believe outlandish forecasts, wasting valuable time and resources. Worse, we have had many such barrages by doomsters — aided by their clickbait-seeking enablers in the …
Lessons from the hysteria about peak oil (2005-2013) Read More »
