Tag: oil

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

Students march in protest against the government of Nicolás Maduro on November 3rd. Credit: Reuters

“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?

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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

MARCO LONGARI/AFP/GettyImages

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

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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?

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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…

The Falling Canadian Dollar: Is OPEC to Blame?

Photo credit: Dru Oja Jay, Flickr Creative Commons. http://tinyurl.com/k5axhv3

Determining whether Canada’s falling exchange rate is a result of the Organization of the Petroleum Exporting Countries’ (OPEC) persistent output despite falling oil prices may seem an unnecessary case of playing the blame game. However, understanding OPEC’s impact on Canada’s exchange…