All Commentary
Friday, February 17, 2012

Oil Sanctions on Iran Could Backfire


“President Barack Obama hopes the toughest sanctions ever imposed on Iran will squeeze its oil exports — all without scaring markets, crimping growth, impoverishing ordinary Iranians or antagonizing allies. The geopolitical equivalent of threading a needle is made even more difficult by elections in both the United States and Iran.” (Reuters)

The Law of Unintended Consequences can’t be repealed.

FEE Timely Classic
“Unintended Consequences in Energy Policy” by David R. Henderson