Tweet

More from @anasalhajji

Anas Alhajji

@anasalhajji

May 13

Short thread on inflation
1- I have been listening to what experts have been saying about inflation & its impact on various parts of the economy in recent weeks. Many think inflation is a modern phenomenon & somehow the FED, fiat money, or capitalism created it. #Inflation

2- Inflation is old.. thousands of years old, when people used all kinds of things as money. Inflation existed even when gold & silver were used as money.
The main reason for my thread today is this:
Anglosaxon experts must read about inflation in other languages & cultures.

3- The quantity theory of money was NOT introduced in Europe in the 17th century as European books claim. It was introduced in Egypt 300 years earlier in a book written by a scholar called: Al-Maqrizi
#Inflation #Money #Egypt #Economics

Read 15 tweets

Anas Alhajji

@anasalhajji

May 11

Thread of news items related to #NOPEC
#OPEC #OOTT #COM #Oil
1- Trump calls on Russia and Saudi Arabia to cut oil production
politico.com/news/2020/04/0…

2- Trump told Saudi: Cut oil supply or lose U.S. military support - sources
reuters.com/article/us-glo…

3- OPEC and allies’ oil production cut is Trump’s ‘biggest and most complex’ deal ever: Dan Yergin

cnbc.com/2020/04/13/ope…

Read 6 tweets

Anas Alhajji

@anasalhajji

Apr 1

سلسلة تغريدات تتعلق بوقف أوبك الاعتماد على بيانات وكالة الطاقة الدولية، وهي من مقال نشر في 29 سبتمبر، 2009، في جريدة الاقتصادية السعودية:
1- ماحصل أمس كان يجب أن يحصل منذ سنوات طويلة.. لأن بيانات وتوقعات الوكالة كانت خاطئة، مجيّرة، وعلميا غير مقبولة.
#النفط #أوبك

2- نجح الغرب في منهجة بعض الكتابات حتى اكتسبت الصفة الأكاديمية والعلمية, رغم أنها كتابات تفتقر إلى أصول البحث العلمي. لقد استطاع الغرب أكدمة العداء للعالم العربي من خلال هذه الكتابات، لدرجة أن رسائل الدكتوراة التي يكتبها الطلاب العرب في الجامعات الغربية أصبحت ''من فمك أدينك''!

3- أما مؤتمرات النفط الخليجية التي عقدت في الأعوام الماضية في العواصم الخليجية فقد أصبحت مجالاً للتندر لأنها تعقد في عقر دار الدول النفطية وتتبنى آراء وكالة الطاقة الدولية والدول الغربية وأغلب متحدثيها من مؤصلي الفكر الغربي المعادي للعرب!

Read 7 tweets

Anas Alhajji

@anasalhajji

Feb 25

Thread on the effects of the #Russia's invasion of #Ukraine on global energy markets
1- Will oil prices continue to rise? Will they remain high? Will they decline? The answer depends on the types of additional sanctions that might be imposed in the coming g days by the US & EU.

2- This raises another question: what can the Biden's & EU governments do? The answer consists of two parts. The first relates to the ineffectiveness of sanctions. The second relates to the dependence of the US & Europe on Russian energy sources & other materials such as pig iron

3- The main objective of economic sanctions is to force the opponent to change his/her position on something. The academic literature shows that sanctions in the last 120, although painful, failed to achieve their “declared” goals. #OOTT #Russia

Read 22 tweets

Anas Alhajji

@anasalhajji

Feb 7

Thread
1
- US imposed sanctions on Iran & Venezuela
- Iran is sending diluent & gasoline to Venezuela
- Venezuela's crude exports increased
- The Biden Administration is turning the blind eye to keep Iran at the table, so it has to turn the blind eye to Venezuela's exports #OOTT

2- But once sanctions are lifted, why would Iran send its condensates to Venezuela when it can make more money in Asia? So... will the increase in Iranian oil exports be just a replacement for Venezuelan oil exports? Therefore, no impact on the market?
#Oil #OOTT

3- In light of the possible Russian invasion of #Ukraine, the Biden administration needs both Iran & Venezuelan oil. Will it lift the embargo on Venezuela? What is the pretext? Chevron's proposal to get oil for the debt is not made in isolation. It could be coordinated. #Iran

Read 5 tweets

Anas Alhajji

@anasalhajji

Jan 31

Thread on #OPEC meeting #OOTT
1- This forthcoming OPEC+ meeting on Wednesday is going to be held under the biggest political crisis since OPEC+ has been initiated.
The optimal outcome is a short meeting where they stick to the plan unless Russia wants to increase production.

2- If it was not for the Russian-Ukrain issue, one would argue for an increase in the group's ceiling, which ultimately means higher production by those who can increase production. In a sense, it legitimizes these increases.
But that comes with a risk of angering some members

3- The increase can be justified by curbing a sharp rise in oil prices. Saudis can also justify adding the voluntary cuts that they made in the past. After all, the planned increases were eliminated or reduced in the past, now they can use the same logic, but in reverse. #OOTT

Read 8 tweets

Share this page!

Anas Alhajji

People who liked this thread also liked...

Try unrolling a thread yourself!

More from @anasalhajji

Anas Alhajji

Anas Alhajji

Anas Alhajji

Anas Alhajji

Anas Alhajji

Anas Alhajji

Did Thread Reader help you today?

Don't want to be a Premium member but still want to support us?