from Anatole Kaletsky:

Here’s why oil companies should be a lot more profitable than they are

By Anatole Kaletsky
December 5, 2014

Shaybah oilfield complex is seen at night in the Rub' al-Khali desert, Saudi Arabia

The 40 percent plunge in oil prices since July, when Brent crude peaked at $115 a barrel, is almost certainly good news for the world economy; but it is surely a crippling blow for oil producers. Oil prices below $70 certainly spell trouble for U.S. and Canadian shale and tar-sand producers and also for oil-exporting countries such as Venezuela, Nigeria, Mexico and Russia that depend on inflated oil revenues to finance government spending or pay foreign debts. On the other hand, the implications of lower oil prices for the biggest U.S. and European oil companies are more ambiguous and could even be positive.

from John Lloyd:

The problem(s) with Israel

By John Lloyd
November 20, 2014

Israeli Ultra-Orthodox Jews carry the body of Rabbi Mosheh Twersky onto a vehicle during his funeral in Jerusalem

Israel had grown accustomed to an absence of terrorist attacks in its cities: so the bloody murder of four worshippers and wounding of eight more at a Jerusalem synagogue on Tuesday was a shock. It illuminates the fragile, fractious state of the country, including the fact that the cabinet is riven, and may collapse soon.

from Ian Bremmer:

Oil price plummet won’t help U.S. with Iran or Russia

By Ian Bremmer
November 11, 2014

A motorist holds a fuel pump at a Gulf petrol station in London

Plummeting oil prices — down more than 25 percent since June to three-year lows — should relieve pressure on consumers at the pump. But is it pushing oil-exporting regimes past the breaking point?

from Breakingviews:

Jumbo $6 bln bank IPO shows Saudi too big to miss

October 7, 2014

By Una Galani

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

from Global Investing:

Russia: There’s cheap and then there is “near-death” cheap

October 4, 2014

Russia's equity market has always been cheap, argues USAA's Wasif Latif, but at present levels it is just too cheap to ignore. Russia's economic decline, driven by not only falling oil prices, its main source of income, but also Western sanctions over its intervention in Ukraine has caused a major sell-off that Latif and other asset managers believe is an overshoot. This has brought Russia's benchmark dollar-denominated RTS stock index to its lowest level since March and before that, a level not seen since Sept. 2009.

from The Great Debate:

Five questions for America on Syria

By Aki Peritz
October 3, 2014

A pair of U.S. Air Force F-15E Strike Eagles fly over northern Iraq

When the United States began bombing Islamic State and Jabhat al-Nusra positions in Syria last month, it entered into a conflict that has been grinding on for more than three years. Here are five major questions America needs to answer as the fighting unfolds in the weeks ahead:

from The Great Debate:

Germany exports massive amounts of arms, hypocrisy

By Josef Joffe
September 22, 2014

A MG3 automatic weapon that is part of a German military aid shipment for Kurdish forces in Northern Iraq is on display for the media at a storage facility of the Bundeswehr armed forces in Waren 

Who is the world’s No. 3 arms exporter, after the United States and Russia? Surprise. It is Germany, a country bound by law to supply only allies and peaceable folks like (neutral) Switzerland or Sweden. Off limits are “areas of tension” -- bad neighborhoods that actually need the stuff.

from Breakingviews:

Iraq troubles are unlikely to bring new oil crisis

June 24, 2014

By Fiona Maharg-Bravo

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

from MacroScope:

ECB uncertainty

By Mike Peacock
March 28, 2014

For European markets, Germany’s March inflation figure is likely to dominate today. It is forecast to hold at just 1.0 percent. The European Central Bank insists there is no threat of deflation in the currency area although the euro zone number has been in its “danger zone” below 1 percent for five months now.

from The Great Debate:

The religion-fueled fight in Syria

By David Patrikarakos
February 19, 2014

The second round of peace talks in Geneva between representatives of Bashar Al-Assad’s regime in Syria and rebel forces has ended with both sides blaming each other for the lack of progress. Beyond the finger-pointing, however, lies a growing danger to the goal of a negotiated settlement. The civil war’s religious divides are widening, making compromise unthinkable.