Wheat is one of the world’s staple crops. And Ukraine and Russia are critical exporters
For 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.…
A climate catastrophe seems in the making. And mitigating the impact of the Ukraine crisis won’t be easy
The 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…
Proved to be an effective negotiator while president, especially when dealing with dictators
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…
Finland was truly alone. That’s not the case with Ukraine today
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…
Putin's war on Ukraine has changed everything
Energy 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…
Anyone who resists is a “traitor”and therefore deserving of brutal retribution
More 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…
How much Russian crude will be locked out and for how long?
The 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…
How is the Russian invasion of Ukraine different from the U.S.-led invasion of Iraq?
American 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…
It's better to send tankers of oil and LNG to Europe than tanks full of our kids
The 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…
The pandemic was just a dress rehearsal for what’s about to happen
United 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…