Trump appears to favor the idea, but oil producers are already pumping flat out.
López Obrador won’t reverse the country’s historic oil opening — but he won’t expand it, either.
The end of economic isolation hasn’t brought a financial windfall or more freedom. Instead, the regime is as strong as ever while ordinary people suffer.
The oil cartel vowed to add 1 million barrels a day to markets. It won’t add quite that much.
Calling for elections in the absence of stable institutions while competing for diplomatic and economic influence won’t rebuild the country — it will destroy it.
With or without Iranian cooperation, extra barrels of crude could help meet rising demand. But there’s still reason to fear a price spike later this year.
Guyana just discovered it owns enough oil to solve all its problems — and cause even bigger ones.