When Politics Affects Business

January 14, 2019

How well-oiled are our democracies? Maybe they’ve had too much unsaturated fat for their own health. The Daily Devil’s Dictionary explains.  Though it has happened before, confusion appears to be greater than ever in the global oil markets, with its usual exaggerated effects in the Middle...

The Geopolitics of Cheap Oil

January 07, 2016

Economists said the market would save the planet. It didn't. The market was supposed to save the planet. That, at least, was the argument of many economists grappling with the problem of climate change. As fossil fuels became scarcer, they pointed out, the price of oil and natural gas would go...

Rethinking Rentier State Theory: Qatar and the Rise of Smart Money

October 11, 2013

Political legitimacy in the Gulf cannot be explained by oil wealth alone. The bargain between rentier states and their populations is simple: the government ensures the financial well-being of the people, and the people do not rebel or try to influence political decisions of the state. In an...

Unilateral Economic Sanctions Against Iran: Unexpected Implications (Part 2/2)

May 21, 2013

The international sanctions against Iran have been effective. However, they also made the Iranian elite more practical and cynical by teaching it how to survive under external economic pressure. This is the last of a two part series. Read part one. In spite of existing sanctions, Iran keeps on...

Unilateral Economic Sanctions Against Iran: Unexpected Implications (Part 1/2)

May 14, 2013

The international sanctions against Iran have been effective. However, they also made the Iranian elite more practical and cynical by teaching it how to survive under external economic pressure. This is the first of a two part series. International reports on the economic and political situation...