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Why have oil prices dropped from their near-$80/barrel peak? Because the laws of supply and demand trump the sneaky practices of speculators who kept the price inflated. Oh, and OPEC “has lately demonstrated its classic inclination toward ineffectiveness.”
From That the taste of good and evil depends in large part on the opinion we have of them:
Indeed, just as study is a torment to a lazy man, abstinence from wine to a drunkard, frugality to the luxurious man, and exercise to a delicate idler, so it is with the rest. Things are not that painful or difficult of themselves; it is our weakness and cowardice that make them so. To judge of great and lofty things we need a soul of the same caliber; otherwise we attribute to them the vice that is our own. A straight oar looks bent in the water. What matters is not merely that we see the thing, but how we see it.
