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Economy

Biden May Lift Sanctions on Venezuela for Oil Amid Domestic Drilling Cuts, OPEC Fallout

It seems that Biden would import energy from the socialist government of Venezuela rather than ease “green” regulations on domestic oil production as the U.S. faces a worsening energy crisis.

The Biden administration is reportedly planning to lift sanctions on the socialist Venezuela government in order to allow Chevron to resume pumping oil as the U.S. faces a worsening energy predicament.

According to the Wednesday report by the Wall Street Journal, Biden is prepared to relieve some sanctions on the government of Venezuelan dictator Nicolas Maduro on the condition that he would “resume long-suspended talks with the country’s opposition to discuss conditions needed to hold free and fair presidential elections in 2024.”

“The U.S., Venezuela’s government and some Venezuelan opposition figures have also worked out a deal that would free up hundreds of millions of dollars in Venezuelan state funds frozen in American banks to pay for imports of food, medicine and equipment for the country’s battered electricity grid and municipal water systems,” the report states.

The move comes as major oil producers in OPEC+ agreed that they will reduce oil production by 2 million barrels per day despite the Biden administration urging them to pump more, prompting some experts to predict a sharp rise in American gas prices in the near future.

While the U.S. has the capability to produce energy for itself with its massive supply of domestic oil, regulatory policies put forth by the “green energy” friendly Biden administration have produced major challenges for refineries at home, as well as dramatic gas price hikes since January 2021, reaching a record high above $5 a gallon in June.

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Amid the now-failed effort to convince major producers to pump more oil, the administration has been emptying the U.S. Strategic Petroleum Reserve to temporarily keep gas prices from skyrocketing ahead of the November midterm elections.

Now, the OPEC decision poses yet another challenge for Biden, who plans to cut a deal with the socialist government of Venezuela, pull 10 million more barrels from the rapidly depleting strategic reserve, and ban all exports of U.S. gas, diesel, and other refined petroleum products.

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Written By

Andrew White is a Northern Virginia native. His work has been previously featured on Alex Jones’ Infowars, Revolver News, and The Liberty Daily. White is a constitutionalist Patriot, who focuses on social issues, election integrity, globalism, US politics, as well as general corporate and government corruption.

13 Comments

13 Comments

  1. Avatar

    goats unlimited

    October 6, 2022 at 11:05 am

    Email me if you love goats

  2. Avatar

    wboehmer

    October 8, 2022 at 5:44 am

    In his half-century long political career, is there even one single instance of Joe Biden putting the country ahead of his own personal interests?
    No, there is not.

    • Avatar

      an

      October 11, 2022 at 5:54 pm

      NOPE ! The Dope has Never Ever done anything for this Country, American People or the World. All DOPPY can do is put Himself and his CRIMINAL CRIME FAMILY on a Pedestal and Prise them for what they have done to this Country, American People and the World.

  3. Avatar

    MikeL

    October 8, 2022 at 7:52 am

    Some of us tried to warn you during the 2020 campaign, but you were seduced by the fake news propaganda. Now we all have to share the pain. That is, after all, the goal of the socialist/communist agenda.

  4. Avatar

    Don

    October 8, 2022 at 8:57 am

    Biden being Biden as usual. A total incompetent.g

  5. Avatar

    jack

    October 8, 2022 at 10:43 am

    Venezuela is part of OPEC+ so Biden thinks they will go against the grain of OPEC+ to please him? what a fool thats like asking Buick to undercut(Whore the market)against GM OPEC+ works kinda like a union Joe no telling what the rest of opec would do to Venezuela if they use this as a way to increase their own bottom line

    • Avatar

      james carlyle

      October 8, 2022 at 12:48 pm

      Jack is right on.

      • Avatar

        Alan

        October 11, 2022 at 4:19 pm

        joe the joke is definitely the reason behind the rise in gas prices here at home. it’s his policies that have taken effect for quite a while now and his handlers show no mercy on the American citizens. you are directly at fault joe for this intentional rise in gas prices.

  6. Avatar

    1947

    October 8, 2022 at 9:38 pm

    First thing Biden should do is stop sending out static reserve the China! Next thing if the Sand Box want to play dirty games, turn around and give it right back to them. Everything that that goes to them from the US is triple the price. Any country allowing sales of our stuff to them cheaper get he same treatment. We need a leader who stick up for America, not sticks up America for his own benefit.

  7. Avatar

    Hugh Jass

    October 11, 2022 at 4:12 pm

    Bumbling Biden has never been right about anything during his many years in politics. whoever is behind the curtain and really running the show (Bar Hussein) is telling Joe that he is doing a good job, but in reality is using Joe as his excuse for screwing up our country for another of his 4 years (it’s called a third term).

  8. Avatar

    1947

    October 11, 2022 at 5:31 pm

    Dear President Biden: Please stop sending our National Reserve of Oil to China at a low price while you start authorizing us buying more expensive oil from the Corrupt leaders of Venezuela. Perhaps you can do at least one good thing in your Presidency that helps the average US Citizen instead of only the rich ones. But I know you have a lot of payback to do for them financing and weaseling you into the POTUS office.

  9. Avatar

    Bobby

    October 11, 2022 at 6:02 pm

    Hidin Biden really really doesn’t give a DAMN What U and I think as long as he gets his 10 % and the rest of the Country, People and the World can go to HELL !

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