Banditry, corruption and tyranny from Saudi Arabia to Iraq to Russia depends on high oil prices. As prices fall, the bandits in charge will quarrel more among themselves – and with their neighbors.
oil prices
Malaise from Jimmy Carter to Barack Obama: Recalling the “Crisis of Confidence” Speech
Jimmy Carter’s malaise speech is revisited in the more positive context in which it was initially received, when the nation faced an energy and self-confidence crisis. Barack Obama is not in Carter territory yet.