The U.S. dollar is the world’s reserve currency. Being a “reserve currency” means that it is the top currency held in reserve by central banks around the world (a topic to be discussed later). Reserve status also means that the dollar is the dominant currency used in international transactions. As an American, you are likelyContinue reading “The U.S. Dollar – CHIPS and SWIFT”
Author Archives: Augustus McCrae
Attack on the Port of Fujairah
Yesterday on Cinco de Mayo, there was an attack on the UAE Port of Fujairah, which is located in the Emirate of Fujairah. The UAE has accused Iran of the attack, even though some within the Iranian government deny responsibility. Regardless, the Port of Fujairah is a very valuable target indeed. The Port of FujairahContinue reading “Attack on the Port of Fujairah”
The United Arab Emirates, in some detail
In a previous article written on April 30, it was noted in The UAE and OPEC that the United Arab Emirates (UAE) announced its intention to leave OPEC, largely driven by a desire to increase oil production beyond existing quota limits. The UAE possesses one of the largest oil fields in the world by provedContinue reading “The United Arab Emirates, in some detail”
The UAE and OPEC
The United Arab Emirates (U.A.E) announced on April 28th, 2026 that the country would be leaving OPEC – the Organization of Petroleum Exporting Countries. OPEC is mainly thought of as a primarily Middle East cartel designed to advance the interest of Middle Eastern countries which would include the UAE. Now, there are 2 entities –Continue reading “The UAE and OPEC”
Understanding Energy – The Physical Basics of Crude Oil
Crude oil is the most important and widely used commodity in the world. Today, the “black gold” is entirely synonymous the term Energy – the source of all action – economic and otherwise. The substance came into widespread use in the late 19th century and continues to be the fundamental driver of the world’s economyContinue reading “Understanding Energy – The Physical Basics of Crude Oil”
Diesel
Understanding Traditional Diesel vs. its Renewable Alternatives Alternatives to traditional diesel are beginning to garner serious investment. Outside of farmers, refiners, and scientists, many are unfamiliar with Renewable Diesel and Biodiesel. In fact, many probably don’t even understand the difference between gasoline and diesel much less the different diesel flavors. Why should you? Only EuropeansContinue reading “Diesel”