The Mexican government controls the Mexican oil industry through Pemex, a state-owned enterprise, and subsidizes energy to reduce the cost to average Mexicans. But that doesn’t help International fossil fuel conglomerates like Exxon and Chevron, so the Biden administration is preparing to slap tariffs on Mexico in order for force President Andres Manuel Lopez Obrador (AMLO) to bring gas prices up and in line with what the American companies charge.
GVS Deep Dive Saudi Arabia just secured two of the most powerful assets in modern geopolitics: the U.S. F-35 stealth fighter and tens of thousands of Nvidia’s most advanced AI chips. Washington hoped this would pull Riyadh firmly back into the American orbit. But the outcome is something neither side fully expected: Mohammad bin Salman outplayed both Washington and Beijing — and used the great-power rivalry to his advantage.
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