June 21, 2012

The Law of the Sea Treaty: A View from Below

The high-level exchanges about the Law of the Sea Treaty (LOST) have come down on two sides.  Six secretaries of state argue that the United States must ratify and participate in order to protect its national interests, mainly military navigatio...

September 28, 2011

Caution, Double Dip Ahead

Last week was momentous in many respects. The S&P 500 index went down 6 percent. The price of gold on the Comex fell by 8.5 percent. Silver, copper, and crude oil also fell in price, although not as much as gold. The CBOE expected-volatility inde...

May 13, 2011

Protection from Oil Price Surges and Inflation

President Barack Obama has often repeated the familiar energy policy refrain of increasing the nation's independence from foreign oil in order to control energy prices.  As The Wall Street Journal observed in March, this cliché has been r...