Our administrative apparatus is vertically structured within silo-ed compartments. There is no forum to enable and facilitate interdisciplinary, interdepartmental and collaborative economic decision-making.
The US-Iran stand-off is wrapped in a “fog of uncertainty”. No one really knows what will happen but what we do know, based on our reading of Clausewitz and understanding of history, is that it could take no more than a false report, a miscalculation or simply an accident for the region to conflagrate into violent conflict.
One of several reasons for America’s economic leverage is that it sits at the epicenter of the global financial system. The dollar is a reserve currency. Global trade is preponderantly carried out in dollars. Oil is priced in dollars.
Today, every projection of India’s energy future draws the same broad conclusion: energy demand will move on an upward curve, indigenous supplies will fail to keep pace, energy imports will rise, and the environment will face increasing stress.
The Cortez resolution may eventually end up in the archives like so many other resolutions on the same subject but, today at least, it has to be credited for bringing global warming into the US national conversation.