On Tuesday, the United Nations issued its 24th annual condemnation of the American embargo of Cuba. There was a silver lining. With the recent thawing of relations between Cuba and the United States, expectations are running high for political normalization between the two countries and the promising...

I recently spoke with a group of Nigerian leaders who were visiting Yale. I expressed to them my long-term comfort with the outlook for oil demand. A booming middle class in the emerging markets, I argued, would consistently demand more fuels. They were engaged throughout...

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