Walter Russell Mead discusses the American Southwest’s pumping more crude oil than Kuwait, the International Criminal Court’s threat to arrest Israeli officials, the financial industry’s exodus from New York and California, and how support for Hamas could split the Democratic coalition on What Really Matters.

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Secretary of State Marco Rubio speaks to reporters after watching people board a repatriation flight bound for Colombia in Panama City on February 3, 2025. (Mark Schiefelbein/AFP via Getty Images)