Tag: oil

Bolivar Of Broken Dreams: What Went Wrong in Venezuela

Authoritarian regimes and resource cursed economies are themes Latin American countries have tried to confine to history, but Venezuela’s slow-burning crisis has displayed an inability to move beyond these neo-colonial trends. Now, the discontent that has been building over the…

The Petrodollar Regime is Crumbling, but How Will the U.S. Economy React?

The global energy market is undergoing a rapid transformation in favour of unconventionally-sourced oil and renewables. With this transformation comes a change in relations between the globe’s largest oil consumer and the globe’s largest oil exporter, the United States (U.S.) and…

Venezuelan Petrol: Black Gold or the Devil’s Excrement ?

“Ten years from now, 20 years from now, you will see [that] oil will bring us ruin.” When former Venezuelan diplomat, Juan Pablo Perez Alfonzo, spoke those words in the 1970s, his statement was predictably greeted with puzzlement, at a…

Eyes for Only EU?

Eyes for only EU?  In January, two years before the scheduled end of his term, Serbian Prime Minister Aleksandar Vučić insisted on calling for early parliamentary elections. Vučić has attempted to legitimize this call by attributing his interest in an early election to…

No End in Sight: The Syrian Conflict in 2016

Once magnificent cities now lying in ruins. Wailing mothers, holding lifeless infants to their chests. Ghastly images of starvation and pestilence. Beheadings and medieval-style siege warfare. Nearly five years and 250,000 lives into Syria’s cataclysmic civil war, such distressing images continue to…

“Black Monday”: What China’s Economic Slowdown Means for Africa

On August 24th, or what is now being referred to as China’s “Black Monday”, the Shanghai Composite Exchange suffered its worst one-day loss in eight years.1 Consequently, global investors immediately turned their focus to other major stock markets around the…

Weekly Roundup: Problem Solved?

With today’s news reaching from Xinjiang to Iran, there was no doubt that the MIR Online writers would take us around the world yet again. From fixing faltering economies to correcting faulty translations, this week’s articles show that solutions are…