China the big winner in world oil price calamity

The Chinese have stockpiled huge reserves of low-priced oil, giving them significant geopolitical leverage over Russia and Saudi Arabia

China the big winner in world oil price calamityWith the major stakeholders – Saudi Arabia, Russia and the United States – emerging badly bruised from the last round of the crude oil price war, a new world order is set to emerge. The cost of the battle has been immense to all three. In April, as the battle erupted, the value of Saudi…

We must stand up to China’s bully tactics

Unless checked, Communist China’s economic muscle will continue to be used to acquire increasing influence around the world

We must stand up to China’s bully tacticsHistorians make lousy prophets. We find it hard enough to predict the past, much less what’s going to happen in the future. Nonetheless, I’m going to attempt to predict some imminent geopolitical strategy. As the People’s Republic of China makes threats against Canada for detaining an executive of a Chinese corporation, as it warns the…

Oil-rich Saudis squeezed by Trump

Current oil production cuts can’t continue for long or the Saudis, and others, won’t balance their budgets

Oil-rich Saudis squeezed by TrumpThe U.S. is putting extreme pressure on the major oil producers, Saudi Arabia in particular, to cut output, firm up crude markets and ensure the continuity of the U.S. shale revolution. But on the other hand, the administration of United States President Donald Trump doesn’t want oil prices to go much higher. In an election…

Why the stock markets will crash

We have yet to see the damage done to corporate balance sheets. And many consumers will constrain their spending

Why the stock markets will crashOur puppy Winnie died last week. If I was a betting man, I would have said Winnie would have lived to the ripe old age of 12 years old, which is the average life expectancy for a bichon frise. That, however, didn’t come to pass. Winnie was mischievous and playful, and in the end that…

Pandemic increases importance of innovation

Business professors see long-term growth possibilities in post-pandemic landscape

Pandemic increases importance of innovationJoseph Doucet sees no economic upside to the global pandemic, at least in the short term. “There’s no sector, really, that’s immune,” said Doucet, dean of the Alberta School of Business. “We don’t know how long this will last, we don’t know how deep the damage will be.” Yet as COVID-19 continues to pummel the world…

How small business can thrive in a post-pandemic economy

SMEs are resilient, entrepreneurial and resourceful. With the right support, they will rebuild, transition and diversify

How small business can thrive in a post-pandemic economyNobody has been hurt more in this pandemic-inflicted economy than the small to medium enterprise (SME) sector. Closures, reduced hours and layoffs because of COVID-19 have impacted the vast majority of small businesses. Up to 30 per cent report that they will not survive the next 30 days without government assistance. The uncertainty of just…

Industrial world held hostage by China

The COVID-19 crisis has amplified the warning: dependence on Chinese products is a key vulnerability for Western nations

Industrial world held hostage by ChinaMany key pharmaceutical ingredients used in North America reportedly come from China or, in the case of generics, India. In turn, India imports key ingredients from China. So diverting imports from China to India might not reduce our dependence on Chinese manufacturers. In addition, China reserves the right to provide its citizens with vital drugs before…

Crude oil cuts finally made, but to what end?

As world demand declines thanks to the COVID-19 pandemic, oil countries struggle to control prices with production cuts

Crude oil cuts finally made, but to what end?Too little, too late? On Thursday, the Organization of Petroleum Exporting Countries (OPEC) and the Russia led non-OPEC oil producers, commonly termed OPEC+, took an unprecedented step to agree to cut the global crude oil output by 10 million barrels a day (bpd). The next day, after a five-hour-long virtual meeting, G20 energy leaders endorsed…

Who will blink first in crude oil crisis?

For four years, the U.S. has firmly rejected joining the producers’ club to curb output. It can’t remain aloof any longer

Who will blink first in crude oil crisis?Energy diplomats are on overdrive, seeking to bring an end to the senseless global crude oil war. Russia and Saudi Arabia have flooded the market, driving down oil prices. A G20 virtual meeting of energy leaders is being urged, with International Energy Agency executive director Fatih Birol reportedly propelling the idea. Former U.S. Energy Information…

Will the economy ever recover?

The economy will bounce back, even if some businesses don’t. But don’t expect a rapid recovery after COVID-19 recedes

Will the economy ever recover?What will happen to the economy once we get through this pandemic? We’re coping day to day with social isolation and, for those of us lucky enough to still have work, the challenges of working from home or being out there in an infected world. First, we want to know when all this will end.…