This podcast is an excerpt about energy policy from my 2015 book, Principled Policy. As Saudi Arabia announces a cut-back in production and Russia the shut-off of the Nord-Stream pipeline, some of the events described in my book may seem a bit dated but the underlying concept is still relevant today. Perhaps even more relevant as oil prices fluctuate and natural gas prices soar, portending a winter of super high prices and power outages here and in Europe.