February 5, 2016
It is a truth universally acknowledged that the future cannot be accurately predicted, and the same applies to oil prices. In the latter case, however, it is possible to consider alternative scenarios pertaining to certain fundamental factors which, while rather inert in a short-time horizon, can be shaped in the long term. These scenarios may… » read more
Posted by adamczyzewski
January 11, 2016
Daily crude price data tell the story: in 2015 the prices yo-yoed. At the beginning of the year, Brent oil traded at 55 USD/bbl. In mid-May, the price went up to USD 66, to dip below USD 35 at the year end. It has not been that cheap since December 2008. But the world was… » read more
Posted by adamczyzewski
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Development Policy, Energy, Future EU, Global Europe, Trade & Industry |
December 11, 2015
More than a year ago, it was on the very same blog that I said that the US export ban would be lifted since maintaining it was not economically viable, and doing so would be beneficial to the economies of both the US and Europe. What would change then if the US were to start… » read more
Posted by adamczyzewski
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Development Policy, Energy, Future EU, Global Europe, Regional Policy, Trade & Industry |
December 1, 2015
On October 9th 2015, the US House of Representatives passed, thanks to the Republicans’ votes, a bill lifting the oil export ban, which will have to be approved by the Senate, where the Republicans are the dominant force, in order to become law. The President’s signature will also be needed, but he is unwilling to… » read more
Posted by adamczyzewski
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Future EU, Global Europe, Trade & Industry, Energy, Global Europe |
November 16, 2015
If we asked Polish citizens to put in one word what they expect of the government, I have no doubt that ‘change’ would be the prevailing answer. Wanting change is not something unique to Poles and has a broader dimension to it, both economic and social. Since the financial crisis of 2008–2009, global economic growth… » read more
Posted by adamczyzewski
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Development Policy, Future EU, Global Europe, Innovation & Enterprise |
A Saudi Arabian vessel carrying crude oil has recently put into port in Gdańsk. The event would have likely gone unnoticed had it not been for Rosneft CEO’s comment that it marked another stage in Saudi Arabia’s battle for a share in the market. Why has a small delivery sparked such a heated debate? Saudi… » read more
Posted by adamczyzewski
October 9, 2015
As a little boy I came up with an idea of how to become a millionaire. It was enough to persuade a million people to give me one dollar for some good cause. For them it would be a small expense and for me – a great benefit. However, the cost of reaching such a… » read more
Posted by adamczyzewski
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Climate & Environment, Energy, Future EU, Global Europe, Innovation & Enterprise |
September 22, 2015
It would seem that profit and growth are two sides of the same coin, which is a company’s continued presence on the market. As R&D spending is financed from profit, the higher the profit, the better the growth prospects. And since profits are undermined by costs, businesses pay a lot of attention to cost reduction… » read more
Posted by adamczyzewski
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Development Policy, EU Priorities 2020, Future EU, Global Europe, Innovation & Enterprise, Social Europe & Jobs, Trade & Industry, Global Europe |
September 8, 2015
China has spooked investors. What has been happening on financial markets for over a month, since the speculative bubble burst in Shanghai, is reminiscent of the onset of the great recession in 2008-2009, especially when coupled with the decline in crude oil prices, which is widely perceived as a harbinger of recession. The standard explanation… » read more
Posted by adamczyzewski
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Energy, Future EU, Global Europe, Trade & Industry, Energy, Global Europe |
September 1, 2015
Few economic phenomena attract as much attention in Poland as fuel prices. This is not surprising, considering that an average household owns at least one passenger car, and the share of fuels in total consumer spending has long surpassed 5%, which is more or less the same we spend on healthcare, appliances and running our… » read more
Posted by adamczyzewski
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Energy, Euro & Finance, Future EU, Global Europe, Trade & Industry, Transport, Global Europe, Transport |
Economics of the energy sector and the low-carbon economy, macroeconomics, innovations, oil&gas
