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Oil Provides Options
Oil Provides Options
This Is What Energy Security Looks Like

Boosters of the shale boom like to highlight is the idea of energy independence—that, thanks to fracking, the US won’t need to rely on foreign sources of oil for much longer. It’s a nice-sounding story, but unfortunately it’s a myth. Even if the US produced all of the oil it consumed, the price we pay for oil will still be vulnerable to shocks from supply disruptions abroad. Barring a kind of oil isolationism—a difficult undertaking that would alienate our allies—or a complete transition away from oil as an energy source, that’s the reality we have to live with. But while energy independence is fantasy, there’s no question that fracking has improved America’s energy security, and that’s being borne out in the global price for oil.

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Walter Russell Mead & Staff
Crude Economics

That OPEC production cut is going to have to fall on the Saudis’ shoulders—if it’s to happen at all.

Egypt in Turmoil

The West is ignoring an ongoing crisis in Egypt, as painful austerity measures stoke outrage against the Sisi government.

Why We Can't Have Nice Things

Déjà vu all over again.

Public Opinion

A new Gallup poll registers big increases in respect for police, including among Democrats and nonwhites.

Asia's Game of Thrones

Both Washington and Manila are doing damage control in the wake of Duterte’s latest comments, but the real test is yet to come.


Even the New York Times is beginning to acknowledge Obama’s sorry legacy in the Middle East.

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