Given the state of U.S.-China relations these days, most observers had low expectations for Thursday’s call between Joe Biden and Xi Jinping. The list of issues causing tensions is long, and the areas for cooperation have narrowed. Unsurprisingly, then, the call resembled a conversation from the terminal stage of a bad romance.
The coronavirus pandemic and other global challenges have highlighted the importance of addressing the fractures and failures within the U.S. agencies tasked with implementing the Global Fragility Act. A good place to start is by applying some of the act’s components to the United States’ own institutions and programming.
Lately, energy companies have been acting as if U.S. sanctions on Venezuela’s oil industry are likely to end soon. Last month, two U.S. investment firms—Gramercy Funds Management and Atmos Global Energy—formed a joint venture with the Venezuela-based Inelectra Group to engage in oil and gas exploration. The ownership of Citgo’s refineries in the country were a key point of contention for several years between Venezuelan President Nicolas Maduro and his opposition, but the U.S. oil giant’s management has nevertheless said it would accept crude exported from Venezuela if sanctions are indeed lifted. Their apparent belief that sanctions will be lifted is a [...]
