Read all posts for ‘Oil’

If an over-endowment in resources can be a curse, the example of Europe also shows that their absence can also present certain benefits.

A dark layer of fog covers the city, but don’t worry, there’s no catastrophe, it’s just a normal day in Mexico City. Today the mountains are hidden behind that gray fog. Maybe tomorrow when the rain temporally removes that coat of pollution,  you’ll be able to see them on the […]

European interests in postwar Libya – oil, sales of arms and halting immigration – are likely to prevail over any humanitarian concerns and sap at the foundations of any fledgling democracy. Over-endowment in natural resources is often a domestic source of dysfunctional and despotic government. However, a “resource curse” often […]

Not only a source of national pride, Mexico’s national oil company was also supposed to lead the country to prosperity. The famous nationalization of the nation’s oil fields, which is celebrated with a national holiday every March, marked a definitive political separation from the US and signaled the emergence of […]

Ghana has joined the comity of oil-producing nations and with that, confronts the responsibility of delivering quality governance in managing its new-found wealth.