Tag Archives for oil

The new geopolitical economy of oil in the Americas

Matthew Bishop

The recent collapse in oil prices is a mixed blessing: from the vantage point of the Caribbean the implications are perplexing and disturbing When I moved to Trinidad in 2009, a country blessed with a flourishing hydrocarbon industry, I marvelled at the fact that it cost barely £10 to fill my car with petrol.  But global oil prices were hovering … Continue reading

27 January 2015 by
Categories: Debt, Economics, Environment, Finance, Global crisis, SPERI Comment, trade, USA | Tags: , , , , | Leave a comment

ALBA: an important but poorly understood regional project

Asa Cusack

Economic and political problems in Venezuela now threaten many of the real achievements of this alternative mode of regionalism in Latin America and the Caribbean Venezuela has an abundance of oil and a lack of doctors.  Cuba has an abundance of doctors and a lack of oil.  On 14 December 2004, the two countries launched the Bolivarian Alliance for the … Continue reading

20 January 2015 by
Categories: Development, Economics, Global South, Politics and policy, SPERI Comment, trade | Tags: , , , , , , , , | Leave a comment

The changing political economy of oil

Tony Payne

The recent big fall in price creates some space for new thinking, but also poses questions to which we don’t have answers The price of oil has been falling.  Last Friday the price of a barrel of Brent crude, the standard benchmark, dropped to US$61.85, its lowest figure since July 2009.  It was as high as US$115 in June this … Continue reading

16 December 2014 by
Categories: Economics, Environment, G20, Global crisis, Politics and policy, SPERI Comment, Sustainability, Tony Payne | Tags: , , , | Leave a comment

Nigeria’s flawed development

Ejike Udeogu

The low rate of profit attributable to real production is at the heart of the country’s longstanding growth and development problems Nigeria’s story of development is an interesting one, and not sufficiently told or understood outside of Nigeria and Africa more generally.  In the 1970s its government pursued the conventional import-substitution industrialisation strategy of that time.   The exchange policy adopted … Continue reading

27 August 2014 by
Categories: Development, Economics, SPERI Comment | Tags: , , , | Leave a comment