Strategic Perspective

Most of the world has accepted that COVID-19 is going to be with us for a long time. Like the flu, COVID-19 is now simply an endemic virus; there is no putting the sniffly genie back in the [...]

Before there were Saudis – there were Texans. In 1948, U.S. oil production and reserves accounted for 64 percent and 34 percent of the global total. Texas was the largest U.S. producer by far, [...]

“We have gold because we cannot trust governments.” –  U.S. President Herbert Hoover, 1933.   We have been writing our commodities series for almost 8 months now – and in all that time, we have [...]

Early this morning Ukrainian time, Russian President Vladimir Putin gave his second strident speech of the week about Ukraine. Putin announced he had approved a “special military operation” in [...]

The combination of geopolitical intrigue in Russia and Ukraine, the U.S. Federal Reserve turning hawkish, and global energy prices surging, it is easy to lose track of stories that would [...]

One of our fundamental theses for the decade ahead is that the world is at the outset of a massive energy transition away from fossil fuels in favor of renewables. That is the reason we focus on [...]

If you were a commodities-focused investor and had success over the last decade, iron probably had something to do with your performance. Indeed, according to this chart from S&P Global [...]

Since launching our ambitious series on commodities, we have spent a significant amount of time on energy. That’s with good reason: according to the latest reading of the U.S. Consumer Price [...]

“A good writer should know as near to everything as possible. Naturally he will not. A great enough writer seems to be born with knowledge. But he really is not; he has only been born with the [...]