Dynastic Discontinuity: A Tongue-In-Cheek Proposal

Dynastic Discontinuity: A Tongue-In-Cheek Proposal

I had a dream the other night, no doubt triggered by recent behavior in the oil market, of a way in which $5/barrel oil could be obtained on a more or less permanent basis. With all the fuss over falling oil prices, it may seem unsporting to threaten down-and-out oil producers with larger and sustained reductions, especially when they seem to be having so much trouble adjusting to modest declines. Yet in this camel-eat-camel world, sentiment and manners have little place and must give way to ...