oil prices

The Fracking Industry Deserves Our Gratitude

Victor Davis Hanson, National Review

When OPEC and other overseas producers tried to bankrupt frackers by flooding the world with their supposedly more cheaply produced oil, the effort backfired. American entrepreneurs learned to frack oil and natural gas even more cheaply and undercut the foreign gambit. The result is a windfall for all sectors of the American economy.

With New Crown Prince, Saudi Arabia Rewards Repression and Aggression

Although heralded as a “modernizer,” 31-year-old Crown Prince Mohammed bin Salman is the architect of Riyadh’s disastrous attack on Yemen. Prince Salman’s recklessness is likely to draw the U.S. more deeply into destabilizing regional conflicts.

Kuwait Needs Economic Reform, But Democracy May Say No

Kuwait is one of the freest nations in the Persian Gulf, as well as one of America’s best friends. Yet its “liberalish” governance, as one Kuwaiti colleague described it, ironically impedes the adoption of market-oriented economic reforms necessary for the country’s prosperity.