How $90 Oil Affects the Global EconomyThe Daily Reckoning
Without enough oil for all purposes, a logical way to cut back is to use less oil for international shipping. This would tend to reverse the trend toward globalization that started many years ago. Figure 4 shows that the US started shifting heavy industry to other countries with better supplie...
Price punch: how high oil prices affect the global economy.(SUPPLY)United States Public Health Service
The way oil is traded on the financial market has a massive influence on its price.Speculatorsinvest inoil futures, essentially bets on how much oil will cost at a later date, and this in turn affects how other people think oil should be priced. It also affects how much oil the petroleum...
In this study, spectral Granger causality analysis is employed to investigate the spectral dynamics of uncertainty transmission and its impact on economic growth and financial development in Saudi Arabia from 1993 to 2020. We examine the relationships between crude oil volatility, geopolitical risk, glo...
Paper uses wood pulp from trees, while the manufacture of plastics requires the use of fossil fuels like oil and natural gas. Making something from recycled materials means using fewer natural resources. Recycling (Sometimes) Uses Less Energy There's room for debate on this aspect of recycling,...
The Chinese central authority vowed to open more sectors dominated by state-owned enterprises to private companies. Those sectors include electricity, telecommunications, railway and oil and gas. The government will also further ease the tax burden and financing costs of private firm...
“The Assad regime has been an important surrogate for Iran,” Fitzgerald said. “Iran has the ability to affect oil markets a lot more than Syria. Anything that affects their future trajectory of exports matters.” A surge in U.S. production over recent years would help limit the impact ...
Discover how the price of oil affects the Russian economy. As a net exporter of oil, Russia depends on robust oil prices for fiscal health.
digital age: How trade, finance, people, and data connect the world economy The McKinsey Global Institute The McKinsey Global Institute (MGI), the business and economics research arm of McKinsey & Company, was established in 1990 to develop ...