Plummeting oil prices, which are largely the result of the U.S. hydraulic fracturing revolution that has nearly doubled oil production in the United States since 2008, have left many oil-exporting nations around the world reeling. The price drops have been particularly hard on nations in the Organization of Petroleum Exporting Countries (OPEC). Myriad OPEC governments are now stuck relying on dwindling oil revenues to fund large portions of their important social welfare programs, many of which are essential to maintaining national stability.
Tagged: human rights
The United States and Cuba have apparently buried the hatchet and will open embassies in each other’s capitals after more than 50 years of hostilities, President Barack Obama formally announced during a press conference in the White House’s Rose Garden on July 1, 2015. Although the move has raised legitimate concerns among human rights activists, there may still be a silver lining in this new era of openness with our neighbor: medical tourism.
No one’s liberty or property is safe when the legislature is in session, and freedom is lost one government program at a time. Yet some people will trade freedom for comfort, especially when they perceive that someone else is footing the bill.