Publications: Notes at the Margin

The Consequences of "What We've Got Here Is a Failure to Communicate" (March 17, 2014)


Like the warden and prisoners in the 1967 film Cool Hand Luke, the leaders of Russia, the European Union, and the United States are suffering from a "failure to communicate. As a result, the world appears to be barreling toward a very serious situation. Like it or not, energy markets will be at the center of the dispute. Prices could climb much higher. On the other hand, the Obama administration seems to be preparing to dump significant oil volumes on the market. The implications are worrisome whether one favors low or high prices.


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