As we head into mid 2021, commodity prices shows no signs of slowing down. Some say this is a warning sign of oncoming inflation. Intuitively, this could be interpreted as an indicator inflation. But commodity prices and consumer price inflation (CPI) are actually a lot less correlated than what most people may think. The two [...]
TL;DR One cannot understand global oil geopolitics without grasping the Middle East. But understanding this region is rather difficult. "It's hot, sandy, and everyone hates each other." Despite the difficulty, one can still attempt to untangle the intricacies of the region by reviewing raw historical events and then drawing your own conclusions. Some observations from [...]
TL;DR Exploring oil geopolitics is a useful approach to understanding how the world works for two reasons. First, observing the energy flows within a complex system provides a first principles based perspective of that system. Second, getting a grasp on oil politics prompts one to read up on and synthesize ancillary topics such as history, [...]
