Time to outline the reality... Fact Check Team: Biden administration allowing Chevron to drill oil in Venezuela https://turnto10.com/news/nation-wo...ng-energy-sources-strategic-petroleum-reserve The Biden administration making headlines this weekend for allowing Chevron to drill oil in Venezuela. The National Desk’s Fact Check Team is investigating the arrangement to see if it’s really about lowering gas prices. A license from the Treasury Department that was just issued on Saturday allows Chevron to resume "limited" energy production in Venezuela. It is valid for six months. Under the agreement, none of the sales directly profit Venezuela but instead pay down the $4.2 billion debt owed to Chevron, according to the Wall Street Journal. According to the administration, the license was issued because the U.S. supports the humanitarian efforts underway in Venezuela. Renewed negotiations between the Maduro regime and its opposition are working to allocate state resources for things like food, education and electricity initiatives for Venezuelans. The decision has nothing to do with the U.S. needing more oil or lowering gas prices. According to the White House, it has everything to do with those negotiations. However, it’s important to note that at the beginning of the year, right after Russia invaded Ukraine, according to Reuters, the U.S. looked at lifting sanctions in Venezuela that were imposed under the Trump administration because of corruption. According to the Associated Press, a senior U.S. administration official said that easing the sanctions was not to boost global energy production in connection to Russia and Ukraine “and that the decision was not expected to impact global energy prices.” Former President Donald Trump’s economic adviser, Stephen Moore, says it makes absolutely no sense for the White House to allow Chevron to drill for oil in Venezuela. In a recent interview, he scolded the administration for not allowing more drilling here in the U.S. Because of Venezuela's history of corruption and its abundant oil supply, it's likely that the Biden administration’s actions will continue to face criticism. Meanwhile, Sen. Bob Menendez, D-N.J., chairman of the Senate Foreign Relations Committee, says the humanitarian agreement is urgently needed but he warns if Maduro takes advantage of the situation, the U.S. must snap back the full force of sanctions. The U.S. Strategic Petroleum Reserve is at its lowest level in 38 years and the Biden administration plans to release 180 million barrels from it by the end of this year but the administration does have a plan to replenish some of this supply. In October, the White House announced the administration would repurchase crude oil for the reserve if the prices of oil per barrel dropped to roughly $67 to $72 or less. They picked this range because it would give companies assurance of future oil demand and a Biden administration official said this specific range would be low enough to be considered a “good taxpayer investment.” But it’s worth noting that under the previous administration, former President Donald Trump directed the Department of Energy to purchase oil for the reserve when prices were even lower at $30. The cost of oil is now higher than the administration’s threshold. Government data for two of the most widely used benchmarks of oil prices — which are WTI and Brent — and as of Nov. 21, prices for WTI hovered around $80 and Brent was closer to $88. Those prices are changing all the time but it looks like prices could fall more. Even though we are a little higher than that $67 to $72 benchmark, oil prices have been falling. There are a few things behind these lower prices. For one thing, it’s normal for oil prices to drop during the fall after the summer driving season winds down but demand for fuel usually picks back up in December. Additionally, global demand is lower because COVID restrictions in China have kept demand weaker there and some of the world’s major economies — like the United Kingdom — have signaled that they are heading toward a recession.
You think that Fake President Biden would be doing this if the Saudi's and Prime Minister Bone-Saw had agreed to pump more oil OR IF: The Iranian Deal had not shit the bid and they were allowed to put their oil back on the market, our market anyway? Dream on. You and Biden are suddenly BORN AGAIN ON VENEZEULA because all your fuck ups have left no choice.
Are you claiming that the small amount of oil which Venezuela will add to the market over a six month period will in any way significantly impact world oil & gasoline prices?
Definitely not. And that makes it all the more disgusting that you clowns would take your begging bowl there. So desperate that you allow yourself and the country to be manipulated by Cbevron and Maduro.
As outlined previously -- it is actually the opposition to the Maduro regime who asked for this to be done in support of obtaining food, education and electricity initiatives for Venezuelans. As for Chevron -- who is getting the $4.2 Billion in debt Venezuela owes them paid down -- it is all a positive for the oil company. No contention about this -- Chevron probably strongly lobbied the U.S. government for this deal.
Don't be ridiculous. The opposition has wanted all of those things for years, and has clamored day and night for them. There is a reason why it has been taken down off the shelf at this time. And that reason has been discussed. Disgusting. The Biden Energy Plan = Attempting to service Prime Minister Bone-Saw. Attempting to service the Ayatollah. Attempting to service Maduro. DISGUSTING.
So Biden took a Venezuela plan off the shelf that provides no benefits to Americans in the form of lower oil or gas prices. Note that the plan has been in place for years. If the Maduro regime agreed to start talks again with the opposition then the U.S. would agree to a plan involving Venezuela selling more oil. This is not some new plan -- in fact it was in place under the Trump administration.
That's disgusting. Both you and Biden should gargle with Ajax after servicing these disgusting clowns. Surprise, surprise, the guy who suddenly is fist-bumping with Prime Minister Bone-Saw (the one that Biden said "would pay a price") is now able to "communicate" with Maduro. Plus, to sweeten the pot, Biden got Merrick Garland to issue Bone-Saw a legal opinion that he was immune from prosecution. Yeh, tell us again about the "paying a price."
Let's take a look at Trump and Maduro. Nearly everything Trump did served to build up the dictator. But deep down, Donald likes dictators - he was regularly found gargling Putin, Kim Jong-un and others. Bolton: Trump praised dictator Maduro as smart, tough https://www.miamiherald.com/news/local/news-columns-blogs/andres-oppenheimer/article243681837.html Trump cold on Guaidó, would consider meeting Maduro https://www.axios.com/2020/06/21/trump-venezuela-guaido-maduro Trump's Maduro comments create political mess in must-win Florida President Donald Trump on Monday distanced himself from his own comments that signaled an openness to talks with Venezuelan strongman Nicolás Maduro — but the reversal is unlikely to prevent a political mess in Florida and still complicates the GOP’s 2020 attempt to brand Democrats as socialists. https://www.politico.com/states/flo...te-political-mess-in-must-win-florida-1294075 How Maduro Beat Sanctions Trump’s “maximum pressure” policy only made Maduro stronger. Now, Biden has to chart a new course. https://foreignpolicy.com/2021/06/03/maduro-sanction-trump-biden-stronger/