Charles Featherstone on the LRC Blog: It’s going to be a very busy and very interesting day for world energy markets today. The NY light, sweet crude contract has already traded at $70 in Singapore. The results of Katrina are likely to make things much, much worse.
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The war for resources — the "kicking their ass and taking their gas" — is not working. And won’t. So give up on it.
Proof that theft doesn’t work
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