For years, oil companies have dug canals through Louisiana’s wetlands, changing the landscape forever. One parish took Chevron to court, arguing the company harmed the environment long ago. A jury agreed, ordering Chevron to pay $745 million. But the company fought back, saying much of its work happ
Oil firms have long known that burning their fuels can harm the planet. Yet they hid proof and misled people for decades, blocking clean energy progress. Scientists and activists sued these companies to recover money for damages caused by climate disasters that were worsened by the fuels. The
A Venezuelan oil executive once trusted the system—until it turned against him. In 2017, Gustavo Cárdenas (name changed for clarity) landed a top job at Citgo, the U. S. arm of Venezuela’s state oil company. Just months later, he was arrested in Caracas, thrown into a military prison, and convicted
When news broke that the U. S. had agreed to a two-week pause in tensions with Iran, markets reacted fast. Oil prices dropped sharply as traders bet on calmer waters ahead. Stock markets jumped, and bonds got a boost too. The reasoning? A temporary truce might mean Gulf oil exports could restart wit
Two sides of Venezuela’s government—its socialist leaders and the opposition—might team up to protect the country’s money in the U. S. after a recent surprise move by Washington. A judge in New York paused for six weeks a case where creditors want to grab cash tied to Venezuela’s state oil company,
Venezuela’s government is making a move to take back control of Citgo, its prized U. S. oil company, but it’s not as simple as just appointing new leaders. The Trump-appointed interim president, Delcy Rodriguez, wants to replace Citgo’s current board—chosen by Venezuela’s opposition back in 2019—but
Texas, known for its robust job market, is experiencing a slowdown. In 2025, the state's job growth is expected to be nearly flat, according to the Federal Reserve Bank of Dallas. This is a significant change from Texas' usual strong job growth. The Dallas Fed's forecast uses several models to pred
Venezuela's oil situation is a mess. The U. S. has taken control, but that doesn't mean oil companies are rushing in. Trump thinks they will, but experts aren't so sure. They say it's not a good idea right now. The country is in chaos. No one knows who's really in charge. The U. S. has seized some
Venezuela's oil industry, once a global powerhouse, is now a shadow of its former self. The country sits on massive oil reserves, but getting that oil out of the ground and to market is a huge challenge. The U. S. government is pushing to revive Venezuela's oil production, but experts say it's not t
The stock market had a wild ride recently, with some companies seeing huge gains while others took a big hit. Let's break it down. Zenas BioPharma, a biotech company, saw its stock drop by more than half after their new drug showed promise in trials. The drug, obexelimab, is meant to treat a rare d
