The Good News About Oil Prices Is the Bad News

The sad fact is that just as oil is the lifeblood of Western economies, oil revenue often is the lifeblood of tyranny. Oil-rich regimes that trample the rights of women, finance terrorism and preach intolerance are sustained by what we spend on gasoline and heating oil. The unfortunate paradox is that moderating oil prices, while they may reduce the earnings of despots in the short run, will only support our harmful addiction