Recent Posts

Will Either Macron or Erdogan Back Down in the Eastern Mediterranean?

French President Emmanuel Macron has clearly decided to up the ante in a standoff with Turkey in the Eastern Mediterranean, where France is backing Greece and Cyprus in their dispute with Ankara over natural gas reserves and maritime boundaries. First, Macron ordered a temporary reinforcement of French aerial and naval …

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Russia’s Drilling in the Arctic Is a Threat to the World—and to Itself

Russia’s Arctic region is experiencing one of the hottest summers on record, and it is only early July. The mercury hit 100 degrees Fahrenheit in parts of northern Russia last week, more than 30 degrees above the average for this time of year, and meteorologists are forecasting more blistering heat …

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How OPEC Shook Off a Historic Crash to Successfully Stabilize Oil Markets

The global clout of OPEC, never one of the world’s most admired institutions, reached a nadir in April when a dispute between Saudi Arabia and Russia triggered a price war just as global oil demand was collapsing due to the coronavirus pandemic. Three months later, the cartel has re-emerged as …

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