Venezuela’s claim to most of Guyana’s territory has been made against leftists and by leftists. It’s been about colonialism, nationalism, Cold War and oil, and it’s complicating U.S. foreign policy.
Exxon Mobil and Chevron are spending tens of billions of dollars buying oil and gas assets, betting that the International Energy Agency’s predictions of declining oil demand are wrong.
The acquisition of Pioneer Natural Resources, Exxon’s largest since its merger with Mobil in 1999, increases the company’s presence in the Permian basin in Texas and New Mexico.