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

Several political and practical hurdles remain in the agreement on offshore oil that the president called ‘historic.’

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.

Critics have decried the opaque agreement as oligarchic and colonialist.