Engaging Venezuela could serve as a longer-term strategy for the U.S. and European countries trying to secure new energy sources as Russia's war in Ukraine drags on and upends commodities markets, said Francisco Monaldi, the director of the Latin America Energy Program at the Center for Energy Studies.
OPEC’s plan to cut oil output likely reflects the persistence of Saudi-Russia market cooperation, said energy fellow Jim Krane. “Putin has been able to insert himself in what was a pretty strong relationship between the U.S. and Saudi Arabia.”
As Europe’s natural gas supply becomes increasingly strained, nonresident fellow Anna Mikulska said that the problem is that “there [are] limited numbers of LNG tankers globally, so they are in general in short supply. And they will be highly valued, of course.”
“Abbott has the most to lose given that the status quo is if nothing changes, he wins,” said political science fellow Mark Jones. “For Beto, the debate is extremely important because it gives him the opportunity to perhaps shift the dynamic of the campaign or force Abbott to do or say something that he later regrets.”
“Previously the mantra was ‘We’re not here to manage markets, we’re here to manage physical shortages,'" said energy fellow Mark Finley about Biden's move to tap the Strategic Petroleum Reserve to reduce gas prices.