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 . . . → Read More: The Sir Robert Bond Papers: Oil and polls #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?
That’s curious because leaving . . . → Read More: The Sir Robert Bond Papers: Thinking about the Unthinkable #nlpoli
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 . . . → Read More: The Sir Robert Bond Papers: Oil and Democracy #nlpoli #cdnpoli