What Europe’s Green Deal Will Disrupt

Europe’s green deal was first announced during December, 2019. Targeting carbon emissions and consumption patterns, the plan is local and global. But it will especially disrupt the world’s oil markets. Below you can see that the EU’s dependence on oil…

How a (Resource) Curse Created a Chicken Shortage

Shown by Nigeria’s chicken shortage, a country’s oil wealth can become a resource curse when it prevents an economy from diversifying.

How Venezuela Caught an Incurable Case of Dutch Disease

From the very beginning in 1922, Venezuela’s oil industry fueled governmental decisions that created an incurable case of Dutch disease.

How Norway Avoided Dutch Disease

Avoided by Norway, Dutch disease is contracted by nations that let a commodity windfall dominate what they produce and spend.

Curing Saudi Arabia’s Dutch Disease

The Saudi king’s golden escalators are examples of their affluence from oil and the need for Saudi diversification from oil.

Dutch Disease Strikes Mongolia

Just six years ago, Stephen Colbert told us that the Mongolian edition of Cosmopolitan was selling for 7,000 tugriks. He added that subscribers got half off the newsstand price and a free goat bladder phone. The arrival of Cosmo was an…

The (Dutch) Disease in Saudi Arabia and Venezuela

As in Venezuela and Saudi Arabia, the Dutch disease that an economy catches comes from too much dependence for revenue and jobs on one commodity like oil.

Weekly News Roundup: From Soap Operas to Stock Markets

This week’s economic news summary included price and the neurology of shopping, time and globalization, stock market history and the Brazilian gender gap.

The Disease That Alaska Might Have

Like Dutch Disease, Alaska’s oil industry dependence has eliminated other government revenue that might be necessary now that the price of oil has plunged.

Why Cheap Oil Can Be a Curse

Illustrated by the impact of cheap oil, the natural resource curse hits countries that have disproportionately focused economic activity on one industry.