Venezuela’s Fickle Economic Recovery is Falling Apart
Venezuela’s rise in oil production after 2021 was mostly driven by the exploitation of idle crude capacity. But that idle capacity is over unless national oil company PDVSA opens new wells, said fellow Francisco Monaldi.
Solar Power Bails Out Texas Grid during Major Heat Wave
Since last summer, solar has often been Texas’ second-largest source of electricity production. Amid the ongoing heat wave, Rice faculty scholar Dan Cohan said, “ERCOT is working with a bigger buffer than it’s had in recent years.”
Big Changes in Mayoral Race, Abbott vetoes 70 bills
Last week, Gov. Abbott vetoed more than 70 bills that were to be signed into law. Fellow Mark P. Jones told KPRC 2 that Abbott "waited until the special session to intervene on what he considered good property tax relief to be."
Iran’s Oil Supplies Are One More Challenge for OPEC+
Iran’s growing oil output poses a challenge for OPEC, which has returned to cutting production in response. In an article for Barron’s, energy fellow Mark Finley writes that while the group might be overreacting to supply threats, its caution is appropriate.
What Legacy has the World Cup Left on Qatar’s Foreign Direct Investment Journey?
Last year’s World Cup increased foreign direct investment to Qatar despite previous challenges. “The World Cup has left Qatar with an infrastructure which is world class as well as with reserves of goodwill & soft power,” said fellow Kristian Ulrichsen.