Worse, it creates incentives to block democracy | World News

If you have to wait 558 years to produce and sell a barrel of oil, that barrel is virtually worthless in today's dollars.

There aren’t 65 billion barrels, they won’t be lowering gas prices, and they won’t refill the SPR.

Worse, it creates incentives to block democracy | World News

An accord anchored on billions of dollars lacks the depth needed to transform a neglected national oil industry, an expert writes.

Rebuilding Venezuela’s oil sector requires democratic rule of law to ensure long-term investor confidence and policy stability.