Wheat makes the world go round

Wheat is one of the world’s staple crops. And Ukraine and Russia are critical exporters

Wheat makes the world go roundFor American academic Scott Reynolds Nelson, the timing was fortuitous. His Oceans of Grain came to market coincident with Russia’s invasion of Ukraine. And as Nelson’s thesis revolves around the critical role wheat has played in history, the invasion’s implications for supply disruption add to the book’s topicality. For sure, Nelson may egg the pudding.…

Rising gasoline prices at the heart of runaway inflation

A climate catastrophe seems in the making. And mitigating the impact of the Ukraine crisis won’t be easy

Rising gasoline prices at the heart of runaway inflationThe Paris-based International Energy Agency is widely viewed with respect, its analyses providing a better understanding of the direction of energy markets and the issues impacting the industry. IEA is the energy watchdog of the Organization for Economic Co-operation and Development (OECD), founded by the likes of Henry Kissinger in the immediate aftermath of the…

Trump the better man to negotiate end to Putin’s War?

Proved to be an effective negotiator while president, especially when dealing with dictators

Trump the better man to negotiate end to Putin’s War?Many people in the political mainstream will say, “Even a broken clock is right twice a day” when they discuss the viewpoints of left-leaning public intellectual Noam Chomsky. They will often say the same thing about Donald Trump, who is supported by the far right. Chomsky and Trump agree on issues far less than twice…

Will Ukraine’s fate be the same as that of 1940s Finland?

Finland was truly alone. That’s not the case with Ukraine today

Will Ukraine’s fate be the same as that of 1940s Finland?Bordered by Russia to the east and Sweden to the northwest, Finland’s historical experience has been coloured by the existence of these more powerful neighbours. In fact, ‘dominated’ might be more apt. After being effectively part of Sweden for centuries, Finland was ceded to the Russian Empire in 1809. But when the chaos surrounding the…

The global energy map faces dramatic revisions

Putin's war on Ukraine has changed everything

The global energy map faces dramatic revisionsEnergy security is back on the global agenda. Not long ago, energy security was almost taken for granted by all. With the emergence of new energy frontiers over the last decade and a half – including shale oil and gas and the growing emphasis on renewables in the Americas – it was felt that energy…

Ukraine, Taiwan, and the politics of big neighbour resentment

Anyone who resists is a “traitor”and therefore deserving of brutal retribution

Ukraine, Taiwan, and the politics of big neighbour resentmentMore than a month has elapsed since Russia launched its war of aggression against Ukraine. Its constant targeting of civilian targets, and evidence in recent days of other mass atrocities, have dispelled any doubt that what we are witnessing in Ukraine is nothing less than an annihilative effort by Moscow – an attempt to negate…

Crude oil markets in turmoil as Ukraine war continues

How much Russian crude will be locked out and for how long?

Crude oil markets in turmoil as Ukraine war continuesThe global oil markets are far from stable. Having entered a turbulent phase, the see-saw continues. After almost touching the US$130-a-barrel mark in early March, crude oil prices have registered a dramatic reversal, hovering around US$100 a barrel. Early last week, crude prices were on a slippery slope. With some underlining issues, markets were heading…

Plenty of blame in a world of strife

How is the Russian invasion of Ukraine different from the U.S.-led invasion of Iraq?

Plenty of blame in a world of strifeAmerican writer and philosopher Ralph Waldo Emerson said, “Fiction reveals the truth that reality obscures.” I admit I’ve never been a great fan of fiction; I prefer writing that spells out the author’s perspective on what’s actually happening in the world. But there are times when nothing speaks the truth more effectively than a great…

How Canada’s oil industry should respond to the war in Ukraine

It's better to send tankers of oil and LNG to Europe than tanks full of our kids

How Canada’s oil industry should respond to the war in UkraineThe war in Ukraine is now more than a month old, nor does it show serious signs of ending anytime soon, despite attempts at peace talks. Canada has had a month to determine a response. Even if the shooting stops, Russia’s oil and gas exports must be replaced by that from other nations over the…

Putin’s War puts global food security in jeopardy

The pandemic was just a dress rehearsal for what’s about to happen

Putin’s War puts global food security in jeopardyUnited States President Joe Biden was the first G7 leader to admit publicly that many parts of the world will soon experience food shortages and even famine. The world will be short of many commodities. Regions like the Middle East and northeastern Africa already have dangerously low food inventories. The world will soon discover that…
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