What powers the world? How much comes from fossil fuels and how much from renewable energies? How much has this change since 1965? The Chart Of The Week shows the evolution of the energy mix from 1965 to today.
At the beginning of the month (March 08, 2022) the U.S. announced a ban on all imports of Russian oil (including petroleum products). But, how much oil does the U.S. really import from Russia?
A very brief recollection of the history of the Black-Scholes-Merton Model: 129 years from Charles Castelli to the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1997.
The recent events in Ukraine have highlighted the importance for the EU and UK to diversify its energy sources. In particular, to reduce its dependency on Russia’s oil, natural gas, and coal.
This chart was motivated by the article History Suggests Oil Shock Raises Probability of U.S. Recession published last Friday by Bloomberg. According to the article, historical data shows that big surges in crude-oil prices have ended U.S. economic expansions and tipped the U.S. economy into recession.
As of today Bitcoin is trading at around $43K. This is about 50% down from its November 2021 record high. However, this is more than 80% up compared with its value at the beginning of the covid-19 crisis.
Military expenditure by the top 15 countries reached $1603 billion in 2020 and accounted for 81 per cent of global military spending.