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Money and Markets: Podcasts

Global bureaucrats gathering presents risk

Global bureaucrats gathering presents risk
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President Obama will attend a NATO Summit in Wales this week, and will be joined by Secretary of State John Kerry and Defense Secretary Chuck Hagel. There is always a risk of some boneheaded move when these multi-national summits convene. At a summit this weekend of European Union leaders, talk has centered on upping the sanctions on Russia, including restrictions on the sale of equipment and technology in the natural gas exploration and production process. Sure, shut off the means of energy production, cut off the flow of equipment to the world’s largest exporter of natural gas and second largest exporter of oil, and watch the lights of Europe slowly dim.

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