For a long time it was believed that natural resources were critical for economic development. South Korea –which has since proved to be the most remarkable success story in the past 50 years –was ...

Guyana, with its newfound oil wealth, now has the world's fastest-growing economy but risks falling prey to the oil curse seen in other nations. The country's oil revenues are substantial, with the ...

The price of oil has crossed the $30-a-barrel mark, driven up by civil strife in Venezuela and war fears in the Persian Gulf. Some will no doubt interpret this price jump as an argument against ...

An examination of the rankings of oil-rich counties in the 2008 Index of Economic Freedom, published by The Heritage Foundation and The Wall Street Journal, reveals that, for the most part, citizens ...

Most people probably know little about the tiny South American nation of Guyana. In the U.S., it made headlines back in the late 1970s after an American cult leader named Jim Jones took his followers ...

Three recent stories suggest financial problems at Harvard University, problems that likely extend to most elite and some non-elite schools. First is the standoff with the Trump administration which ...

Economists increasingly discuss a phenomenon with potential to keep companies away from international exploration and production opportunities. They call it the resource curse. It's indicated by lack ...

One could be forgiven for assuming that record-high energy prices are a cause for celebration in the Persian Gulf. After all, the proven oil reserves that lie beneath the six primary gulf states now ...

The decision by the Government to cancel for the second time the Early Oil Pilot Scheme (EOPS) on Thursday has left in its wake questions on whether Kenya's discovery of crude is turning out to be the ...

The field of global liquefied natural gas (LNG) producers will get even more crowded going forward. U.S. oil major Exxon Mobil said Monday that it, along with project partners in Mozambique's Area 4 ...

Google “oil” and “curse” and you get about 25 million hits, which is pretty good considering “michael lynch petroleum idiot” only gets a quarter of a million. (To which my daughter once said, “Dad, if ...