How power and money shape life.
Here I keep short entries on political economy and geopolitics as they unfold. Over time, they build into a record of how the world is being rearranged in prices and pay slips, in borders and wars, in debt, housing, work, and care.
4 May 2026: Oil and the Cost of Passage
WTI crude is above a hundred dollars a barrel this morning. The move is sharp enough to matter. But the price is not the whole story.