... sisters', who reflected the global power balance – with USA and still Great Britain dominating this list. Today, many of ... ... for other petroleum products. Again, the seven sisters preferred long-term contracts and also used modern concessional tools to ... ... I doubt that the US will be able to overtake Saudi Arabia and Russia as some reports argue by 2017-2020, but potentially we could ... ... a result, this huge liquidity is invested back into the large developed economies that also tend to be the actual consumers of ...
... Lille (Sciences Po). His research concerns capitalism, religion, ethics, civil economy, European Union and wider Europe like Russia, Ukraine and Turkey. He is an Associate Editor of the journal TELOS and Fellow of the Centre of Theology and Philosophy.... ... cheap money. This, coupled with low interest rates across the whole eurozone, fuelled credit and real estate bubbles in the USA and Europe, which burst in 2008-9 amid the global ‘credit crunch’.
At first, this led to a pan-European banking ...
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March's Top News:
- Xi Jinping... From Russia With Love:
Xi Jinping visit to Russia was highly symbolic, as is the case with... ... Russia's Chinese neighbour could be a threat, while also calling for the final end of USA's hegemony (See: SCMP). Albeit, it is hard to see China not taking the lead... ... (See: Reuters). However, on the brightside Gazprom agreed with China in regards to long-term contracts, thus allowing it to develop the riskier fields as export was more...
... in all building up naturally not overly optimistic mood. However, in respect to the Russia situation it was far from bleak as instability was actually playing into its... ... the Middle East, aside from this being a double-standard as it tends to avoid Russian long-term contracts by saying short-term hub trading without a fixed price is the future... ... not changed in the last decade. The decision must be well calculated, yet quick, as USA has almost achieved independence from energy imports due to shale which could supply...
