The International Energy Agency in its April Oil Report tells us why the oil price must rise in the second half of 2023.

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Why the Oil Price Must Rise! | Michael Knox, Morgans Chief Economist

Scientists have been telling us time and time again that Mother Nature and the earth are degrading rapidly due to the increasing pollution and global warming. The major cause of these two problems is the emission of greenhouse gases into the atmosphere. These gases form a blanket around the earth, trapping heat and contributing to climate change.

Of all the natural disasters that can wreak havoc on an economy, Darren Dohme believes that droughts are among the most damaging. When water supplies dry up, crops wither and die, businesses suffer, and people go hungry.

Droughts are becoming more common and more intense as the world warms due to climate change. In fact, it is estimated that by the end of this century, droughts will occur twice as often as they did in the late 20th century. And when they do happen, they are likely to last longer and cover a larger area.

The Impact of Droughts on the Global Economy – Explained by Darren Dohme
The United Nations has estimated that droughts already cost the world economy $6 billion per year. And as climate change causes droughts to become more frequent and intense, those costs are only going to rise.

One of the most recent and significant examples of the economic impact of drought was the drought in Australia from 2006 to 2010. That drought is estimated to have cost the Australian economy around $9.4 billion.

In the United States, the ongoing drought in California is costing farmers billions of dollars in lost revenue. The state’s agriculture industry employs hundreds of thousands of people, and if the drought continues, it could have a ripple effect throughout the entire US economy.

Darren Dohme emphasizes that droughts can also lead to increases in food prices. When crops fail, farmers are forced to sell their livestock at lower prices. This reduces the supply of meat and dairy products, driving up prices for consumers.

The lack of water can also lead to energy shortages. Hydroelectric power plants need water to generate electricity, so when rivers and reservoirs dry up, so does the power supply. This can lead to blackouts and higher electricity prices.

In addition to the direct costs of droughts, there are also indirect costs. For example, droughts often lead to an increase in wildfires. As vegetation dries out, it becomes fuel for fires that can rage out of control, destroying homes, businesses, and even whole communities. The indirect costs of the California wildfires in 2018 are estimated to be around $400 million.

What Can Be Done to Mitigate The Impact of Droughts?
There is no easy solution to the problem of drought. However, there are some steps that can be taken to lessen the impact of droughts on the global economy.

First, it is important to reduce greenhouse gas emissions to slow down the rate of climate change. This will help to reduce the number and intensity of droughts in the future.

Second, we need to better prepare for droughts by investing in infrastructure that can withstand periods of drought. This includes things like building dams and reservoirs and developing more efficient irrigation systems.

Third, we need to increase our food security by diversifying our food sources and improving our food storage and distribution systems. This will help to ensure that we have enough food to eat even during periods of drought.

And lastly, we need to provide aid to countries that are struggling to cope with the impact of drought. This includes providing financial assistance, as well as food and water supplies.

Bottom Line
Darren Dohme believes that by taking the above-mentioned steps, we can reduce the impact of droughts on the global economy and ensure that we are better prepared for the challenges of climate change.

Darren Dohme - Explains How Droughts Affect The Global Economy.

SMEs Future In Kenya, Taxes & Debt Default Option

SMEs Future in Kenya, Taxes & Debt Default Option I Financial Forecast S01E10

Is Economic Chaos our New Reality?
Reflections on growth and hope in an unsettled world
Mr. Peter Hall, CEO - econosphere, inc.

Is economic chaos our new reality? Gloom has descended over the global economy as inflation and sharply higher interest rates weigh on growth. Recession seems to be the 2023 watchword, with the only squabbles being around how deep and how long this one is going to be. 

More recently, economic data have sharp-eyed analysts revising forecasts upward. What are we to think about an increasingly chaotic environment? 

Peter Hall shares his high-level thoughts on the world economic and geopolitical situation and provides his views on the issues that are of greatest concern now and in the near-term future. Expect these views to challenge the consensus and to emphasize the particular importance of our role in facilitating solid international relations and trade activity.

Peter Hall - Is Economic Chaos our New Reality?

The rural roads that led to our planet-changing global economy ran through the American South. Acclaimed scholar Bart Elmore explores that region's impact on the interconnected histories of business and ecological change. He uses the histories of five southern firms—Coca-Cola, Delta Airlines, Walmart, FedEx and Bank of America—to investigate the environmental impact of our have-it-now, fly-by-night, buy-on-credit global economy.

Drawing on exclusive interviews with company executives, corporate archives and other records, Elmore explores the historical, economic, and ecological conditions that gave rise to these five trailblazing corporations. He then considers what each has become: an essential presence in the daily workings of the global economy and an unmistakable contributor to the reshaping of the world's ecosystems. Even as businesses invest in sustainability initiatives and respond to new calls for corporate responsibility, Elmore shows the limits of their efforts to “green” their operations and offers insights on how governments and activists can push corporations to do better.

Country Capitalism: How Corporations from the American South Remade Our Economy and the Planet

Are global economies also seeing economic weakness similar to what we are seeing in the US? Join us for a new episode of TrendsTalk as ITR Economist Taylor St. Germain looks at the performance of other economies around the world and discusses the effects of US onshoring initiatives.

Global Economic Trends So Far In 2024

This week, RLA Radio features an interview with investor and author Jim Rogers, where he talks with your host, Dennis Tubbergen, about his views on the global economy, suggesting that the current economic boom, fueled by massive borrowing and government spending worldwide, will not last forever. He expressed concern about the staggering amount of debt in the US and predicted that the next economic downturn will be the worst in his lifetime. Rogers also discussed the potential for a shift away from the US dollar as the dominant global reserve currency, the potential for a rise in gold and silver prices, and the future of cryptocurrencies.

Jim Rogers is co-founder of the Quantum Fund in the 1970s, one of the most successful hedge funds of its time. He is a sought-after speaker and media commentator, sharing insights on financial markets, global trends, and investment opportunities. A widely respected figure in the world of finance, with his perspectives influencing investors globally.

For information about Jim Rogers, you can find several of the books he’s authored documenting his travels and investment experiences, including "Investment Biker" and "Adventure Capitalist," at most book sources. For more information about Retirement Lifestyle Advocates, please visit www.RetirementLifestyleAdvocates.com.

2024-05-19 Retirement Lifestyle Advocates Radio w/ Jim Rogers

In this episode of American Dreams, host Alan Olsen interviews Andrew Romans, a seasoned venture capitalist with a rich history in Silicon Valley. Andrew shares his journey from being a startup founder in the '90s to managing a successful venture capital fund today. The discussion delves into the evolution of private markets, the challenges of modern venture capital, and Andrew's unique approach to funding startups that are automating human workflows and leveraging data. Tune in to hear insightful perspectives on the current state of startup exits, the impact of global economic changes on the tech industry, and Andrew's vision for the future of 7BC Venture Capital.

Venture Capital & Today's Startups With Andrew Romans

This week on TrendsTalk, ITR Economist Taylor St. Germain discusses how the global economy is performing compared to the US economy, and provides our global economic outlook for 2025. How should you be preparing your business for what is to come next year, and what are the potential challenges that lie ahead? Tune in to this episode to find out!

Global Economic Outlook for 2025

As a new administration is slated to take over in January, David Faller, SVP Capital Markets, offers his outlook on the realities of Trump campaign promises. With most of the aftereffects of COVID tempered and inflation back near a 2% target, the U.S. and other global economies are now in “what next?” mode as well; Faller discusses which countries are pulling ahead.

11/07/2024: David Faller - Election results are in—now what’s next?

Darren Dohme is a well-respected petroleum analyst who has been providing market intelligence, forward pricing insights, and timing recommendations for seasonal contracting periods for nearly three decades. His expertise and services add value to both petroleum marketers and end-users alike.

Darren is widely recognized for his price/margin risk management and petroleum-based hedging strategies, innovative marketing solutions, and specialized fuel contracts. His clients represent every corner of the petroleum sector, from convenience store chains to truck stops, petroleum resellers, construction firms, transportation fleets, municipalities, and other end-user consumers.

Darren grew up on a grain and livestock farm in East Central Illinois. He has fond memories of working on the family farm, tending to the garden, and raising a variety of animals, including chickens, guinea fowl, turkeys, rabbits, and pigeons. He found true joy in raising and showing cattle, which won him numerous awards and recognitions, including the Grand Champion Steer at the North American Livestock Expo. All of these achievements took place prior to his high school graduation.

After completing a BA in Economics with a minor in Animal Science from the University of Illinois, Darren began working at the Chicago Board of Trade at the age of 23. He vividly remembers the shock of hearing his dad use foul language for the first time when corn and soybean prices dropped limit down for several days after Jimmy Carter announced his January 1980 Russian grain embargo. It was then that he realized the importance of hedging price risk.

Today, Darren is proud to announce the establishment of the Darren Dohme Scholarship, which will be awarded to one undergraduate college student, helping to pay the high cost of tuition and help him/her earn their diploma. To apply, interested candidates can visit DarrenDohmeScholarship.com. The total award amount is $1,000, and Darren looks forward to reading applicants' essays and hearing what they have learned from one of their work experiences.

On a personal note, have you ever raised any of your own food?

Morgans is Australia's largest national full-service retail stockbroking and wealth management network with more than 240,000 client accounts, 500 authorised representatives and 950 employees operating from offices across all states and territories in Australia.

Inspiring leaders with the person and values of Jesus

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The lastest mixes from our reputable line of Kenya's Best DJs across all genres and the most educative, entertaining and funniest conversations from our A- Class personalities. Subcribe!

Some of Associated Bank's most well-respected financial leaders offer their analysis of current events in the financial world. You won't want to miss these conversations. From discussing local commercial real estate to assessing national and global economic trends to dissecting political implications on the banking industry – anything is fair game.

Alan is managing partner at Greenstein, Rogoff, Olsen & Co., LLP, (GROCO) and is a respected leader in his field. He is also the radio show host to American Dreams.

Alan's CPA firm resides in the San Francisco Bay Area and serves some of the most influential Venture Capitalist in the world. GROCO's core competency is advising High Net Worth individual clients in tax and financial strategies.

Alan is a current member of the Stanford Institute for Economic Policy Research (S.I.E.P.R.) SIEPR’s goal is to improve long-term economic policy.

In 2009 and 2010, Alan chaired the Friends of Scouting campaign which was successful in raising over $1 million for Bay Area Scouts. In January 2010, he was be award the Silver Beaver award by the Boy Scouts of America.

In October 2008, his firm was recognized as one of the Top 25 Best Managed CPA firms in the USA by Inside Public Accounting.

In March 2009, GROCO was recognized as one of the fast growing companies in the San Francisco Bay Area by the San Francisco Business Times.

In April 2009 GROCO was named by CPAWealth Provider as one of the Ten Best Financial Planning Firms in the USA.

In May 2009, GROCO placed in the top 5 as a Best Place to Work in the SF Bay Area.

Alan has more than 25 years of experience in public accounting, and develops innovative financial strategies for business enterprises.

Alan also serves on President Kim Clark's BYU-Idaho Advancement council. (President Clark lead the Harvard Business School programs for 30 years prior to joining BYU-idaho.

As a specialist in income tax, Alan frequently lectures and writes articles about tax issues for professional organizations and community groups.

Our mission: We provide the best economic intelligence to reduce risk and drive practical and profitable business decisions.

Smart conversations about today’s most interesting topics - a history podcast for everyone, produced by Origins from Ohio State's Department of History

New tracks tagged #Global Economy