Here’s an interesting one about the oil price crisis from an American perspective at the Washington Post: So the tightened gap between supply and demand has shifted power to producers. “Will competition for scarce resources lead to political or even military clashes among major powers?” asks a report by the National Petroleum Council. “Will bilateral arrangements among nations become common as governments attempt to ‘secure’ energy supplies outside of traditional market mechanisms?” Here is what we might do: Raise fuel economy standards for new cars and trucks; gradually increase the gas tax (possibly offset with tax cuts) to induce people to buy those vehicles; expand oil and natural gas production in Alaska, the Gulf of Mexico, and off the Atlantic and Pacific coasts. These steps would, with time, temper the power of oil producers while also checking greenhouse gases. But many liberals, conservatives and environmentalists oppose parts of a sensible compromise. The stalemate hurts mainly us.