For nine days in January 1901, mesmerised spectators on a hill in south-east Texas watched a deluge of oil erupt high into the air and descend back to earth. Nobody before had discovered oil in the volume found at Spindletop. …
Our Russia strategy has backfired
Whatever the origins of the Ukraine war, the West and Russia are now engaged in a broader confrontation that is not confined to the military struggle: the war has become a competition in pain-tolerance.
This is, as Thomas Schelling wrote, …
Corporations aren’t greedy enough
American political debates over inflation have settled into predictable — and mostly unhelpful — patterns. On one side, “neoliberal” Democrats such as Lawrence Summers and Jason Furman argue that President Biden’s Covid stimulus bill was too aggressive, causing the economy …
The Ukraine crisis started with Suez
Oil prices are surging. Brent crude has broken through the $100 per barrel mark — the highest level since 2014. And this could just be the start of a new oil price shock.
Russia is the world’s second biggest exporter …
Why the Left eat junk
Back in the Nineties, reading food packets for junk ingredients was a typical Left-wing hobby. It was a fairly safe bet that if you had opinions on pesticides in farming, preferred “unrefined” or “unprocessed” foodstuffs, or questioned the benefits of …
