The Short-Lived Renaissance of the US Oil Industry

May 05, 2020

When US oil prices dropped to below zero in April, the media reacted in the same way they do to any radical change in the status quo. Even though it is entirely about human behavior, the media painted the plunge in price as the equivalent of a natural catastrophe due to its unexpected effect on...

Seven Pillars of the New Kuwait

February 16, 2017

Kuwait unveils an ambitious plan to diversify its economy. Mired in an era of cheap oil, Kuwait is looking for answers. Along with its petrochemical-rich neighbors, Kuwait has been dealing with this harsh reality since 2014. Throughout previous decades, Kuwaitis consistently relied on oil to...

Solving Mexico’s Oil Crisis

January 06, 2017

An increase in gasoline prices is causing havoc in Mexico. Mexico starts 2017 with two trending topics: the announcement of new gasoline prices to the market, and multiple protests inspired by the adjustment period in the form of a 20% price hike. But while Mexicans are filled with outrage,...

When Commodities Crash, Populists Suffer


July 13, 2016

State policy that prioritizes insulation from the world economy and redistribution of natural resource rents is a road to instability. A new wave of center-right political leadership in Argentina is systematically putting an end to 12 years of isolationist, leftist populism under Peronist...