So Biden’s letting Venezuela, but not the U.S., pump oil – IOTW Report

So Biden’s letting Venezuela, but not the U.S., pump oil

American Thinker:
By Monica Showalter

Energy prices, even though they have come down a bit, are still sky-high, whether it’s heating fuel, gas-powered appliances, electricity, diesel, or the price for a fill-up at the pump. Over here in San Diego, I saw gas at one station going for $4.99 a gallon, and everyone marveled at how “low” that price was. We had been paying $5, $6, and $7 in the last six months.

Joe Biden knows this is a problem now that he’s lost the House. He actually thinks that inflation comes from oil rather than monetary printing presses turned up to 11 for government boondoggles, and he’s emptied our Strategic Petroleum Reserve to add supply to the market so that gasoline prices will come down for a spell. That’s a solution that will last only so long as the SPR does. Now he has given Venezuela the green light to pump oil in its partnership with Chevron. 

According to Axios:

The Treasury Department on Saturday said it would allow Chevron to resume pumping oil from Venezuela oil fields.

Why it matters: The license, granted by the Treasury Department, would allow the California-based oil company to pump Venezuelan oil for the first time in years in joint ventures with Venezuela’s national oil company Petróleos de Venezuela (PdVSA.)

  • It also signals an opening for other oil companies to resume their business in the South American country, two years after the Trump administration cracked down on companies’ activities there in an effort to put pressure and oust the Maduro government, the Wall Street Journal reports.
  • Venezuelan President Nicolás Maduro and the Unitary Platform, an opposition coalition, reached an agreement to implement a humanitarian program and continue negotiations to hold free and fair elections within the country.

According to the New York Times, quoting the respected economist on Venezuela, Francisco Monaldi, emphasis mine: MORE

9 Comments on So Biden’s letting Venezuela, but not the U.S., pump oil

  1. Joe’s never been one to shy away from oppressive Communist national interests of Russia, China or Venezuela and Socialist Mexico, Columbia and Canada.
    US oil Be damned, let the Citizens of the US pay to support oppressive governments.
    Thanks Joe, for inflation, increased fuel prices, Heating costs and and rise in food costs. Not to mention depleting our National Strategic Oil Reserve.
    Get another scoop of ice cream Joe, as we pay for your transportation, handlers, security and the teleprompters you can’t read.

  2. “Venezuelan President Nicolás Maduro and the Unitary Platform, an opposition coalition, reached an agreement to implement a humanitarian program and continue negotiations to hold free and fair elections within the country.”

    I’m sure the CIA will ensure “free and fair” elections there, just like they did here.

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  3. I can’t think of a verb, adverb or word or expression disparaging enough to describe the present administration……And then there’s the republicans (in name only)

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