The Biden Administration Is Preparing To Grant Chevron A License To Drill For Oil… In Venezuela

Joe Biden has done nothing but create roadblocks to American energy production. It is one of the factors that is driving our massive inflation problem.

Yet now, Biden’s administration is about to grant a license to Chevron to drill for oil in Venezuela.

Why are Americans denied the right to create our own energy while Venezuela is allowed to do so?

Just The News reported:

Amid still-elevated gas prices, Biden prepares to give Chevron license to pump oil in Venezuela

The Biden administration is preparing to grant an oil-pumping license for Chevron to extract oil from Venezuelan fields, a move reportedly contingent upon the Venezuelan government’s adopting of a new humanitarian program.

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The White House “is poised to grant a license to Chevron Corp. to pump oil in Venezuela,” the Wall Street Journal reported on Thursday, echoing numerous other media reports.

The move would allow Chevron “partial control of its oil-production and maintenance activities in dilapidated Venezuelan oil fields,” the outlet reported.

The license is “contingent on the Venezuelan government and its political opponents’ announcement, expected Saturday, to implement a $3 billion humanitarian program,” the Journal noted. The $3 billion is set to come from funds unfrozen by the U.S. as part of a relaxation of sanctions against the country.

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Reuters has more on this:

White House officials aim to “shift oil sales from illicit and non-transparent channels to transparent, legitimate channels,” the person said. The United States could revoke permissions if the Maduro administration fails to negotiate in good faith or uphold its commitments, that person said.

“We have long made clear our willingness to provide targeted relief based on concrete steps that alleviate the suffering of the Venezuelan people and bring them closer to a restoration of democracy,” said a spokesperson for the U.S. State department.

U.S. President Joe Biden’s administration has reason to grant Chevron a wider operating license with U.S. shale production gains slowing, Russia’s oil exports shrinking under sanctions and Saudi Arabia signaling possible OPEC output cuts.

This makes no sense.

This is what America last looks like.

 

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