Room for Growth
May 16, 2011
Politicians in Washington are grappling with how to address rising gasoline prices, but most of their answers—from repealing tax breaks for oil companies to expanding offshore drilling—are unlikely to make much of a difference any time soon. The Arab awakening, coupled with Iran’s accelerated pursuit of nuclear weapons, ensures that energy prices will likely remain elevated for a long time. In the near- and long-term, those events are leading to less energy produced and exported from the Middle East and North Africa than there otherwise would be, as well as greater risk to their transport.
Who’s The Happiest One Of All?
July 29, 2010
This is one of those slightly hokey surveys that measures the happiness of nations. Done by the Gallup World Poll and written up for Forbes by Francesca Levy, its results are not entirely surprising. Rich countries generally do better than others, although Saudi Arabia ranks 58th just ahead of Pakistan. Almost three times as many Saudis are “struggling” than “thriving.” On the other hand, the United Arab Emirates (which is a country made up of wealthy scions and resident ex-pats) and Kuwait register respectably 20th and 23rd. So how about Egypt?