How Oil Lubricates Our Enemies

The answer to all of these diverse anomalies is oil, oil, and more oil. During the last two years, a booming global economy, uncertainty in the Middle East, and the arrival of newly capitalist but petroleum-poor India and China have created a seller’s market unprecedented in the history of the oil industry. The resulting jump in the price of petroleum has distorted both politics and perceptions of what works in economics and politics, and what does not.

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