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A “political risk” approach to oil pricing and “failures” to produce

Based on data to be found in the CIA world factbook  it is easy to find how oil production is shared world-wide among single oil-producing countries. Those are for example members of OPEC. At the end of this post we have added a short summary table with a selection of North African and Middle East producing countries. We present a “political risk” approach to oil pricing and “failures” to produce in this blogpost. Numerous articles have recently shown up in…

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A chocolate package can make you lose a fortune!

Crises are generally defined as decisive moments, particularly in times of danger or difficulty. Times of danger or difficulty can arise because of various hazards, i.e. of natural, man-made (voluntary or involuntary) and public opinion/media type, hitting the organization or the system under consideration. However sometimes even a chocolate package can make you lose a fortune! Any hazard type can generate harm, losses, i.e. consequences, which can be limited to physical losses, or evolve into image related damages. These last ones…

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