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Fracking Our Way to Mideast Peace

Written by Walter Russell Mead at The Wall Street Journal

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Whatever you think of President Trump’s decision to recognize Jerusalem as Israel’s capital, it points to the most important strategic reality in the Middle East: Arab power has collapsed in the face of low oil prices and competition from American frackers.

The devastating oil-price shocks of the 1970s, orchestrated by the Organization of the Petroleum Exporting Countries, nearly wrecked the world economy.

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Written by Walter Russell Mead at The Wall Street Journal

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