Tag: OPEC

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…

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…

The Falling Canadian Dollar: Is OPEC to Blame?

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…