LatamPolitik: Lithium Cartel, Argentina’s Coming Default, and Adios Citigroup

Lithium Cartel?

What’s old: In 1948, a man named Juan Pablo Pérez Alfonzo fled Venezuela and was granted political asylum in the U.S. There, he came to admire the U.S. oil economy, especially the Texas Railroad Commission (RCC), which effectively controlled the global price of oil by determining how much Texas oil producers were allowed to pump. After Pé…