At 84 years old, José Toro Hardy remembers when Venezuela allowed private and foreign investment in the oil sector. He also remembers when Hugo Chávez forced them out.
President Donald Trump’s administration announced on Wednesday that the U.S. will be allowing oil to fuel Cuba’s private sector.
The coronavirus pandemic’s economic shutdown grounded planes. The price war between Russia and Saudi Arabia increased supply. Now, there is an epic glut of oil. On Tuesday, the Port Everglades’ fuel farm in Fort Lauderdale was nearing capacity.