Until last year, oil prices had ranged from $90 to $100 a barrel for about a decade, notwithstanding a drop during the 2008-2009 financial crisis. By December 2015, the price of Brent crude had dropped to $36 a barrel. As a result, countries heavily reliant on oil exports like Saudi Arabia, have been forced to […]
Brexit: 7 Lessons to Draw
Brexit shows the primacy of politics and emotion over economic rational calculation. It is very difficult to understand the decision of British people otherwise. Britain, or what would be left of it after potential secession by Scotland and Northern Ireland, is likely to become a less open economy with a long-term decrease in productivity potentially. […]
PODCAST | Brexit: Reasons, Repercussions and Lessons to Be Learned
June 23rd marks the end of a European era. There are various reasons the United Kingdom is calling for a referendum. But are they really worth breaking up with the European Union? Brexit will leave us all in a weaker position. Find out why.
Shale Oil: The Change Factor Within the Oil Market
One of the most remarkable economic events in the past two years occurred in the global crude oil market. The price per barrel dropped from $114 in June 2014 to $28 this past January. There are two main drivers for this dramatic fall in oil price: The technological innovation related to the extraction of shale […]
CEOs Running for President: Countries Are Not Companies
Donald Trump victories in the primary process make him the frontrunner for the republican nomination. He often brags about his business success, his net worth, and his negotiating and leadership skills. Clearly Trump’s strategy is trying to that his business experience makes him the most qualified to be president. Moreover, he uses his business way of thinking to analyze economic problems.
