Samuel Smith and Marco Pinchetti Recent events in the Middle East, as well as Russia’s invasion of Ukraine, have sparked renewed interest in the consequences of geopolitical tensions for global economic developments. In this post, we argue that geopolitical risk (GPR) can transmit via two separate and intrinsically different channels: (i) a deflationary macro channel, … Continue reading The transmission channels of geopolitical risk
Oil
by Daniel Wortel-London
The catastrophe unfolding in Israel and the Gaza Strip is the product of many factors, including colonialism and religious fanaticism. But another impulse driving this disaster deserves discussion: competition over growth and the natural capital—particularly energy, water, and land—that ensures it. These resources provide the basis for economic and population expansion in the Middle East and elsewhere. As nations continue to recklessly pursue this expansion in a finite world we will see more and more struggles over fewer and fewer resources.
The post The Crisis in the Middle East is a Crisis of Growth appeared first on Center for the Advancement of the Steady State Economy.
Marco Garofalo, Simon Lloyd and Edward Manuel The economic consequences of the Russia-Ukraine war have brought the importance of sharp changes in commodity prices, such as oil, to centre stage. While many have focused on understanding the impact of these developments on the central projection for the macroeconomic outlook, this post investigates the balance of … Continue reading Fuelling the tail: inflation- and GDP-at-Risk with oil-supply shocks
Syrian-American journalist Hekmat Aboukhater traveled across Homs, Lattakia, Tartous, and Aleppo this April, reporting for The Grayzone on the devastating impact of Western economic sanctions on average Syrians. Throughout 2023, a series of anti-Syrian refugee bills, a failing economy, and anti-Syrian rhetoric have deepened the plight of the two million Syrian refugees living in Lebanon. Hate crimes against Syrians suspected of living in the country illegally have skyrocketed, while at least 130 refugees have been deported. Weekly Israeli strikes have […]
The post Immiserated, humiliated, yet resilient: how Syrians survive America’s economic siege appeared first on The Grayzone.
By Chris Hedges / Real News Network Earlier this year, the Intergovernmental Panel on Climate Change (IPCC), an international body of UN scientists, delivered a “final warning” to drastically cut global emissions in order to prevent the heating of the planet past 1.5 degrees Celsius. As the exponentially accelerating effects of the climate crisis have […]
The post Extinction Rebellion’s Roger Hallam: It’s not the climate, it’s the system | The Chris Hedges Report appeared first on scheerpost.com.
The surprise OPEC+ reduction consolidates the Saudi-Russian energy alliance, by aligning their production levels and placing them on equal footing. It is a slap in the face for the US.
The post Saudis Aren’t Afraid of US Anymore appeared first on scheerpost.com.
Asking fossil fuel executives one tough question.
Biden's here to make everyone happy.
What Beijing just sponsored and got done, putting two millennia of diplomatic craft to work, is an exquisite example of what can be accomplished once this imperative is fully realized.
The post Patrick Lawrence: China’s Great Leap in the Middle East appeared first on scheerpost.com.
By Christian Downie, Australian National University and Robert Brulle, Brown University / The Conversation You’ve probably seen ads promoting gas and oil companies as the solutions to climate change. They’re meant to be inspiring and hopeful, with scenes of a green, clean future. But shiny ads are not all these companies do to protect their commercial interests in the […]
The post Big Oil’s Trade Group Allies Outspent Clean Energy Groups by a Whopping 27x, With Billions in Ads and Lobbying To Keep Fossil Fuels Flowing appeared first on scheerpost.com.