- Oil’s collapse is a geopolitical reset in disguise – Meghan O’Sullivan, Bloomberg Opinion. Excerpt: “As history has shown, a big change in energy markets often precipitates a big change in geopolitics. For instance, the shift from coal to oil catapulted Middle Eastern countries to strategic significance. And the recent technology-driven boom in shale oil elevated the United States to net oil exporter status, changing its outlook on the importance of oil in global affairs. We now face a disruption of such proportions that it, too, will reorder some power relationships.”
- Fed rescue: unprecedented scope, stretched authority – Lev Menand, Columbia Law