Warnings against protectionism often cite the Smoot-Hawley Act of 1930, which implemented tariffs on more than 20,000 imported goods to boost domestic production during the Great Depression. The legislation failed miserably – prices rose, consumption plummeted and production fell even

Try as they might, members of the Organization of the Petroleum Exporting Countries (OPEC) will have a difficult time finding consensus on oil production levels when the cartel members gather in Vienna later this month. The members of OPEC, along with Russia and a handful of smaller n

All eyes turn back toward China this week as U.S. Commerce Secretary Wilbur Ross returns to East Asia for another round of trade talks with his Chinese counterparts. The American business community is watching closely – markets have been roiled in recent weeks as tensions have risen,

Talk between OPEC and Russian officials of unwinding their deal to cut output has cooled overheating oil prices, at least for the moment. International prices, which hit a high of $80 a barrel in May, are now more likely to head back to $50 a barrel rather than continue surging toward

When the stampede for acreage in the Delaware Basin began in 2016, many across southern New Mexico had already given up on the state’s oil patch and left for jobs elsewhere. Despite a steady recovery, the previous two years of free-falling prices clearly took a toll on the local econo