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 …
Read More »Bahrain on the edge of collapse
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 …
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