With all of this in mind, an agreement between OPEC and Russia is more feasible in Algiers than it was in Doha. It might not mean much though.
The September informal meeting between OPEC and non-OPEC partners is largely expected not to reach a production cap deal either.
In reality, he has more in common with the Bahamas’ Shaunae Miller, the runner who only just fell across the line to win her race at the Rio Olympics.
Central business districts – long the glamourous headquarter preference for leading professional service firms – are under increasing pressure from competing centres.
The two major parties are neo-liberal 'light'. In fact, the Liberals have left the field completely.
The absurd argument was that Australia should forego an increase in wages, investment, incomes, employment and economic growth just because some foreigners might receive a benefit.
The US is and has been in the midst of an epochal transition from coal-fired electricity to natural gas and renewables, a switch that will take many more years to play out.
On the other hand, it is just 2.5% in Thailand, about 5% in Japan and 7% in Germany. The difference is not simply attributable to good luck.
Another oil price downturn threatens to deepen the plunging levels of investment in upstream oil and gas production, which could create a more acute price spike in the years ahead.
It is the private capitalisation of the publicly-generated rent that goes uncaptured on a site, not simply a matter of supply or demand, as for commodities.
The Reserve Bank and our politicians should bear in mind what Einstein said: 'If you cannot explain it to a six year old, you don't really understand it.'
How can the Federal government's scheme succeed where the Victorian government's failed? What safeguards will be put in place?