The current scramble to assemble an international response to the Strait of Hormuz crisis feels backward. Not a little backward, but fundamentally backward. President Trump is urging allies and global powers to help secure one of the most critical arteries of global trade. That ask, on its own, is completely reasonable. The Strait of Hormuz…
When Oil Prices Rise, Do “We” Actually Make Money?
During a recent discussion about rising energy costs, President Trump offered a characteristically blunt assessment of the situation. The United States, he argued, is now the world’s largest oil producer, so when oil prices go up, “we make a lot of money.” On the surface, that sounds logical enough. If you sell something and the…
The Independent Christian Conservative 