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 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.
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.