Tag Archives: oil prices

Major oil price volatility has occurred on three occasions in the last century – the 1920s, the 1970s and today.  Those periods resulted in severe economic disruption and the collapse of political consensus.  There is a simple reason for this – price volatility makes capital investment difficult.  There is simply …

The Gulf Kingdom of Bahrain may be the first to succumb to the economic consequences of low oil prices according to Bloomberg: “Bahrain, one of the most vulnerable economies in the Gulf Cooperation Council to political instability and oil-price swings, sought financial support from Saudi Arabia and the United Arab …