What punctured the North-African balloon? Crude oil and social unrest

A society is not as simple as a balloon but it can easily explode in revolutions, collapse, breakdowns, civil wars and all sort of rapid and unpredictable changes. Societies, it seems, are fragile, at least in terms of the stability of their governments. This behavior looks normal to us because we have seen it happening many times. But, just as for balloons, it is difficult to explain exactly why societies “explode.”

Oman’s unrest may be a domino, not just to suppliers, but also to customers

There are reports that the unrest in the Middle East has spread to the Sultanate of Oman. While at the moment there have been only one or perhaps two deaths, small in number relative to the larger number of fatalities in countries like Libya, such a milepost, nevertheless, is sadly likely to indicate that the situation will get much worse. … Oman is not a member of OPEC, but contains the largest oil reserves of any country outside that group in the Middle East.

Support a hero

I’m writing you today about Tim de Christopher. For you that don’t know his name, here’s a short story: In its last days, the Bush administration was selling off 77 parcels of federal land totaling 150,000 acres for drilling, a last round of favors to the oil and gas industry. The leases were on wilderness areas, including some areas next to national parks. Business as usual. Then a student at the University of Utah named Tim de Christopher showed up.

ODAC Newsletter – March 4

Continued violence in the Middle East kept oil prices high this week. Libyan exports are down at least 1 million barrels a day and fears are escalating that the stand-off there could turn in to a protracted civil war. The unrest spread to Oman this week where security forces clashed with demonstrators. Meanwhile news of the arrest of a Shi’ite cleric demanding democratic reforms in Saudi Arabia sent the Saudi Tadawul stock exchange down 11%.

Four Lessons from Ireland’s Election

In last month’s cover story of The American Conservative magazine, I wrote about Ireland’s boom and bust, and what it means for the USA. A few months earlier I described the tense week of Ireland’s bankruptcy and international bailout, and a few months before that I wrote in Big Questions Online why the Irish might be better able to handle austerity than Americans. This election begins the next chapter, one that offers many lessons for politically active folk back home.