The Sir Robert Bond Papers: Oil and polls #nlpoli

Two things for Tuesday after a monster snow storm. Oil:  Brent crude hit a low of $52.50 before rebounding to finish Monday at just below US$55 a barrel.  Newfoundland light, sweet crude trades at Brent prices. West Texas Intermediate was even lower.  It settled at $43.88 with global production staying high and analysts fearing a ...

The Sir Robert Bond Papers: Thinking about the Unthinkable #nlpoli

Only a decade ago, voters turfed Roger Grimes and the Liberals from office as punishment for – among other things – signing a deal to develop a nickel mine even though it was a really good deal. But leave the oil in the ground rather than pump it out? Unthinkable.  That’s curious because leaving the ...

The Sir Robert Bond Papers: Oil and Democracy #nlpoli #cdnpoli

Michael Ross contends there is a relationship between oil revenues and democracy.  Crudely put:  oil hinders democracy. First, the oil-impedes-democracy claim is both valid and statistically robust; in other words, oil does hurt democracy. … Second, the harmful influence of oil is not restricted to the Middle East. … The third finding is that nonfuel ...