A graduate student recently interviewed me for his dissertation on Russia, the Arctic, oil and gas. During the interview, he asked me what I believed was the single most important Arctic resource. The answer could have been oil, gas, minerals, fisheries, or any other number of commodities. I responded that oil and gas are probably […]
Nunavut, Canada is home to a wealth of mineral resources, yet it suffers from a dearth of high-speed internet. New developments in both of those areas could bring big changes to the territory. First, after four years of assessment and analysis, the Nunavut Impact Review Board (NIRB) approved the Mary River iron mine on Baffin Island, in […]
by Nathan William Meyer Twenty-four trillion dollars. It is a number that beggars the imagination, almost 40% of the global economy, and it is buried in one of the world’s poorest and most violent countries: the Democratic Republic of Congo. Failed state, rape capital of the world, humanitarian catastrophe – the Congo personifies all […]
Investors have largely shrugged off several of these unexpected developments recently, including the sovereign debt crisis in Europe, but the situation in Egypt has the potential to cause more widespread uncertainty in Global Markets, especially if oil and other commodities keep surging or the unrest spreads to more countries in the Middle East.
I like it when things line up. Syzygy, they call it. What do Mongolia, Iraq, and Venezuela have in common? (Hint: it’s not oil.) It’s that they have all recently bumped into the sharp edge of resource reality. There is something about the discovery of valuable resources that make people and countries take leave of […]