Low Oil Prices Are Good For America The US energy sector is badly hurt. But the overall American economy benefits from lower crude prices WASHINGTON – Oil prices keep going down, and down. We are now around $ 50 a barrel, or even...
Why Is the Islamic State Popular? Islamic fundamentalism is a dream that appeals to emotions. It is not a political program. Arab societies have to produce rational and yet appealing alternatives WASHINGTON – The NYT published a front page story on how American policy-makers are trying to understand ISIL, (Or ISIS,...
Saudi Arabia Wants To Kill US Shale Oil The Saudis bet that high cost US shale oil industry will not be able to survive a prolonged period of low prices WASHINGTON – Saudi Arabia’s oil end game is to let prices fall and stay low for as long as...
NYT Report From Cuba Silent About Moribund Economy Cuba is poor because it is socialist. And yet none of this comes out in a long article about local reactions to the news of normalized relations with the USA WASHINGTON – In a longish report from Cuba, The New York Times tells us about various opinions expressed by...
America Embraces Cuba? After 55 years of hostility, Obama establishes diplomatic relations with the communist regime WASHINGTON – President Obama’s unexpected announcement about re-establishing formal diplomatic relations with Cuba, while easing some of the travel and...
Too Much Media Coverage For Isolated Terror Attacks Our obsession with political violence inspired by Islam guarantees that we shall have more of it WASHINGTON – In a perverse way, our hysteric fascination with each and every killing perpetrated in the West by...
The US National Debt Just Passed The $ 18 Trillion Mark — And Nobody Cares A large and growing debt does not represent an immediate threat. But it weakens the nation. Look at Italy, or Japan WASHINGTON – With almost no comment by national leaders, major media, economists, financial analysts or federal budget experts, the...
Keystone Pipeline Killed By Plunging Oil Prices? Canada's oil is very expensive. Hard to to stay competitive when extraction costs are above market prices WASHINGTON – I suspect that the Keystone pipeline project is dead, or at least is in a coma. And...
The War On Terror And Its Consequences Wrong response to the threat cost America way too much. In the end, not more secure and much poorer WASHINGTON – In a thoughtful piece in the NYT, (The Gift That Keeps Giving, December 3, 2014), Tom Friedman takes us...
Egyptian Court Let Former Dictator Mubarak Go Free The pro-democracy revolution that started with Mubarak's downfall ended up with el-Sisi, another general, in power WASHINGTON – As we may recall, back in 2011 the enthusiastic Tahrir Square youth, armed with cell phones and twitter,...