oil - Economics Students Society of Australia

oil

A collection of 4 posts

Venezuela: an economic tragedy

Venezuela: an economic tragedy

Imagine you need immediate medical attention. You arrive at the emergency department and there is a three hour wait to see a doctor. When you finally get to see someone, the doctor says you need penicillin, but they don’t have any. The hospital doesn’t even have running water.

Viability of the rentier state: internal political divergence stagnating development in Kuwait

Viability of the rentier state: internal political divergence stagnating development in Kuwait

This article was originally submitted for publication on 18 January 2015. Inefficiency, corruption, poor governance and excess fiscal expenditure are soon becoming engrained in the economic and political landscape of Kuwait. Progress appears to be hindered by those in power: a divided parliament and an emir-elected Prime Minister. This tension

Calling for change

economic theory

Calling for change

The recent historic telephone call between the presidents of the USA and Iran the other week represents a huge step forward for both countries and the wider international community. This first contact between the two nations’ presidents for decades was a forceful step away from the ‘Great Satan’ vs. ‘Axis

Look East: The Weight of Oil Sanctions on Iran’s budget

20%. That’s the proportion of Iran’s oil exports to the European Union. If you’ve been hiding under a rock for the last 6 years, then you would probably not understand the extreme tension that surrounds Iran’s nuclear program. There is the media, different governments’ interests in