-2012, with a global repository of giant oil, gas, and mineral discoveries. We find strong and robust evidence of a 'fiscal … presource curse', id est, natural resources can jeopardize fiscal sustainability even before 'the first drop of oil is pumped …'. Specifically, we find that giant discoveries, mostly of oil and gas, lead to permanently higher government debt and, eventually …

to the global energy economy in 2023. The past twelve months have seen a huge re-prioritisation of energy policy away … Themes paper as follows. We start within an assessment of, and outlook for, the global oil market, before continuing with a … the Chinese economy, the energy implications of India taking over the G20 presidency, and the development of Africa …