Since so much geopolitical shift happens because of fossil fuel prices, we keep a close watch on major indicators such as the West Texas Intermediate, or WTI Crude Oil price. The greatest geopolitical shift right now of course involves the declining fortunes of the Russian Federation, the economy of which is strictly tied to fossil fuel markets. This chart of …
Canadian labour trends strong, as well as wages
While things are less cheery for their southern neighbors, Canada has just reported an increase in both labour participation and rising wages for the 10th straight month. This is particularly welcome news for Canada given two main threats to its economic stability. First, its reliance on raw materials – especially oil exports – means that low petroleum prices damage their …
Why fracking is screwed
Some inconvenient math and a whole lotta junk bonds.
Junk bonds and fracking are causing cheap gasoline
Think that Peak Oil is a myth and that cheap gasoline disproves it? Think again.