Venezuela, oil prices and political risk

Following the extraordinary people power uprising that toppled the government of Ukraine, and after weeks of protests in Caracas, Venezuela’s capital, many are asking, “will Venezuela be the next Ukraine”? There are asking the wrong question. The question is, will...

A new wave of expropriations?

With oil prices near $60/barrel, it seems like the best of times for oil companies. But it easily could be the worst of times. Recall the tumultuous sequence of events that followed the last global surge in commodity prices, during the 1960s and 70s. In the mid-1960s,...