Are the Saudis Killing OPEC?
"If you are the world's leading energy economy, you produce energy, that's what you do." "A government can stay irrational longer than it can stay solvent." "Even in the short term, you're dead, if you commit suicide." "If you are...
Naming Names on Financial Audits
When it comes to auditing financial information, under current professional rules, only the name of the auditing firm appears at the bottom of audit reports. That is about to change. The Public Company Accounting Oversight Board (PCAOB) has recently issued...
A Potentially New OPEC(ing) Order at the Next Meeting
OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi...
Beware the “Amabots” or becoming One
In virtually every science fiction novel or film, there is an evil corporation that dominates the world, from LexCorp in the Superman franchise to Weyland-Yutani in Alien. Their masterminds tend to hide their ambitions behind stretched smiles and a language...
The Real Price of Oil is Real Low
By the time the yuan had weakened almost 2%, the slide in commodity prices was cited as evidence of the market's concern that China was going to export deflation. This weighed on the dollar-bloc currencies, and the currencies of other...
Saudi Arabia Abandoned its Role as the Swing Producer and Consequences are Mounting
In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market's swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. In the...
Could Demand for Oil Outstrip Supply?
Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices. However, the rebound in April and May to $60 per barrel from the mid-$40s suggested that the severe drop was merely temporary. But the...
WTI and Brent May Cross Paths
A flood of bearish news has pushed down oil prices to their lowest levels in months, with WTI nearing $45 per barrel and Brent flirting with sub-$50 territory. With a bear market back, there is pessimism throughout the oil markets....
Reaching for Universal Health Care
Universal health coverage (UHC) has become a key agenda of policy makers in many countries. According to the definition of the World Health Organization (2010), UHC is the goal that “all people have access to health services and do not...
China Sets a Course for Cyber Security
In February 2014, Chinese President Xi Jingping declared his intent to do everything necessary for China to become a cyber power. Since then Xi and his government have been hyperactive on all relevant fronts: political, legal, economic, organisational and diplomatic....
Extracting Utah’s Oil without Creating another Toxic Wasteland
Canada has given oil sands a dirty reputation, but a breakthrough, commercially viable technology has caught the eye of a former Exxon Mobil president who is putting it to use to clean up Utah's billions of barrels of oil sands....
Bearish on Oil Means Bearish on Oil Jobs
With the recently concluded nuclear deal between Iran and the P5+1 countries, oil prices have already started heading downward on sentiments that Iran's crude oil supply would further contribute to the already rising global supply glut. The economic crisis in...
Australian Study Shows Businesswomen Not Embraced by Lenders
Despite considerable success in the international arena, many female entrepreneurs still struggle to raise capital. New research suggests that lenders may have an outdated concept of what an entrepreneur looks like. We recently surveyed 416 Australian female businesswomen, and complemented...
Grabbing a Ride in Indonesia is Uber-Easy
People in Indonesia’s capital Jakarta, where public transport is poor and the traffic horribly congested, have eagerly welcomed ride-hailing apps such as Uber for car rides and Gojek for motorcycle rides. People in Indonesia’s capital Jakarta, where public transport is...
Australian Supermarket Consolidation Consequences
Things are heating up in Australia’s supermarket sector. Woolworths is falling behind Coles. Aldi is taking business from Coles and Woolworths. Everyone is taking strips off Metcash and its independent IGAs. In addition, an emerging band of brave online retailers...