Oil, Power, and the New U.S.–Venezuela Agreement

President Trump announced what he calls the biggest oil deal in history: an agreement that could give the United States a controlling interest in the output from 17 Venezuelan oil fields containing a reported 65 billion barrels. The arrangement could reshape American energy security, revive Venezuela’s battered petroleum industry, and shift influence in the Western…

Missed Opportunity: Why Biden’s Block on Nippon Steel’s Bid for U.S. Steel Hurts America

President Biden’s decision to block Nippon Steel’s $14.9 billion bid for U.S. Steel might seem like a patriotic stand for national security, but let’s take a step back and ask ourselves: did this decision really serve America’s best interests? Spoiler alert—it didn’t. Nippon Steel, Japan’s premier steelmaker, wasn’t looking to strip U.S. Steel down for…