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The directive gives priority to bringing oil production and pipeline capacity back online so crude can move through the Las Flores Pipeline System to Pentland Station
With "Operation Epic Fury" underway and Iran blocking off the Strait of Hormuz, oil prices have skyrocketed for many countries, but China could stand to benefit. Gordon Chang, a senior fellow with Gatestone Institute joins "NewsNation Live" to discuss. Get a fast-paced look at the latest from the border to Main Street to the White House on "NewsNation Live." Weekends starting at 10a/9C Saturdays and 11a/10C Sundays. #NewsNationLive NewsNation is your source for fact-based, unbiased news for all Americans.
Also, Cuba nears collapse. Here’s the latest at the end of Friday.
The South American country has natural gas that could be extracted and exported quickly, but U.S. sanctions, which are now being eased, have stymied development.
'U.S. runs Venezuela'
| Keywords | alaskaport-mackenziemineralsexportsminingeconomyresource-developmentenergyoilgasward-clarkredstatebusinessindustrycommoditytradewealthnatural-resourcesextractionalaskan-economy |
Malaysian durian farmers saw immense profits over the last decade as China snapped up their produce. But tastes have shifted.
| Keywords | malaysiachinadurianagriculturefarmingtradeexporteconomybusinessfood-supplyasian-marketsglobalizationmarket-trendscommodityfarmerschinese-demandfruitsupply-chainasiaagribusiness |
Project Vault, as it's called, would store critical minerals in the way the Strategic Petroleum Reserve stores crude oil. However, the economics of mineral commodities are different in some ways from those of crude oil.
| Keywords | critical-mineralsproject-vaultsupply-chainnational-securityeconomicsenergy-policyminingcommodityresource-managementreservestrategic-petroleum-reservesupply-shockkevin-killoughjust-the-news |
The real threat to a secure and sustainable supply of rare earths is not that they are scarce, but that so much is wasted.
The U.S. claim on Venezuela’s oil means even more of it could come to a huge Chevron refinery. Neighbors worried about pollution want the company to buy their homes.