In the lifespan of multi-billion dollar projects, five years is a relative blink. It’s why committing to big infrastructure projects is so nerve-wracking—the world can change in a hurry. Consider that only five years ago, plans were in place to build a terminal outside Quebec City to receive liquefied natural gas from Russia. At the [...]
Can we still expect to see sustained economic recoveries when oil, the world’s principal source of energy, is trading in triple digit range? As I argued several years ago in my book, “Why Your World Is About To Get A Whole Lot Smaller”, triple digit oil prices will redefine our notion of an economic recovery [...]