Category Archives: Oil

The Sons of Ishmael, OPEC & U.S. Statecraft: The Weapon of Hayek’s ‘Extended Order’

Those that never had to compete never will.  This is the answer to the rise of Europe’s Fascist right.  What should we expect of political economies whose social base remains homogenized during a crisis.  Economies and rigid social orders don’t … Continue reading

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The Recession, Low Oil & Renewal

Recent news that OPEC has frozen its oil output is significant, for it means that its original strategy of flooding the world with oil to maintain market share in the hope of bankrupting both Russia and U.S. frackers has failed. … Continue reading

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Oil, American Renewal & Saudi Perfidy

Remember Obama’s retort ‘we can’t drill our way out of this one‘ referring to the mythology of scarcity that underwrites the malthusian justification to demonize either the market or American ingenuity. The simple truth is difficult for any autocrat to … Continue reading

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