Refers to dollar deposits made by oil producing countries, such as OPEC members depositing their dollars in the European market.

[MORE]

Peak Oil Concept, pioneered by US geologist M. King Hubbert in the 1950′s refers to the idea that the world has a finite reserve of oil and that it is running out, and underscores the urgency of the situation. Some believe that global oil production will rea

[MORE]

The gold standard is a monetary system in which a country’s currency unit is freely convertible into a fixed weight of gold. The Gold Standard was used between 1870 and 1914 – currencies were fixed at a set exchange rate to ounces of gold. Countries th

[MORE]

Random Walk is an economic theory that market price movements move randomly. The theory holds that  price history is not a reliable indicator of future price direction. This assumes an efficient market. The theory also assumes that new information comes to the market rand

[MORE]