Tag: Oil Industry

When Politics Affects Business

When Politics Affects Business

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

The Geopolitics of Cheap Oil

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

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

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...

Fair Observer, 461 Harbor Blvd, Belmont, CA 94002, USA