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Amidst a global energy shortage, the three men behind Delta Crescent Energy figured that even oil from a war-torn autocracy was worth exploring. That is, until they became caught in a battle between the Pentagon, the State Department, and the president. ....
If the Biden administration moves forward with canceling the company’s license, it will need to prepare for increased military and economic pressure in the northeast amid further encroachment by Russian personnel. ....
More than a year has passed since the announcement of an oil development deal between a little-known American company and governing authorities in northeastern Syria. The months since the deal have seen the Trump administration, which sponsored the agreement, leave office, allowing the new Biden administration to nullify it. However, mystery still surrounds the terms of last year’s agreement, and many questions remain over the identities of the parties involved. ....