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Chevron Could Get Approval To Ramp Up Oil Production In Venezuela
Oilprice.com ^ | 11-23-2022 | Charles Kennedy

Posted on 11/25/2022 8:16:47 AM PST by Vendome

Washington could grant Chevron approval to significantly boost oil production in Venezuela as early as this weekend, if the government of Nicolas Maduro resumes talks with the opposition.

This potential would mean an easing of sanctions against Venezuela at a time when the United States is pushing for higher oil production to ease soaring prices.

Easing sanctions on Venezuela is among the only options left to the Biden administration to increase oil production. OPEC+ has refused to heed Washington’s calls for a production hike; instead, cutting production by 2 million bpd through the end of the year. Sanctions will not be eased on either Russia or Iran

(Excerpt) Read more at oilprice.com ...


TOPICS:
KEYWORDS: chevron; effect; immediate; no; scotus; venezuela
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1 posted on 11/25/2022 8:16:47 AM PST by Vendome
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To: Vendome

Before the communists took over Venezuela, Chevron was a major producer of heavy crude.

Many of the asphalt roads in the eastern half of the USA are covered with this heavy crude oil.


2 posted on 11/25/2022 8:21:37 AM PST by Presbyterian Reporter
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To: Presbyterian Reporter

Why do they need our permission?


3 posted on 11/25/2022 8:24:48 AM PST by iamgalt
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To: Vendome
I've posted before that I believe that Chevron remained in Venezuela after 100 years to be caretakers of their investment, figuring that the current Communist regime can't last forever and that one day the people of Venezuela will need their oil industry to recover the country they once had.

-PJ

4 posted on 11/25/2022 8:27:05 AM PST by Political Junkie Too ( * LAAP = Left-wing Activist Agitprop Press (formerly known as the MSM))
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To: iamgalt

Because Fedzilla has its corrupt fingers everywhere in our economy... usually a “legal” way to get political contributions


5 posted on 11/25/2022 8:27:35 AM PST by Article10 (Roger That)
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To: Vendome

Wait a minute. Many years ago Al Gore said that oil harmed the Earth, and would cause polar bears to go extinct.

This is all so confusing. Now Joe Biden wants to ramp up oil production. Why does he hate the Earth? And why does he want to kill all the polar bears?


6 posted on 11/25/2022 8:28:34 AM PST by Leaning Right (The steal is real.)
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To: iamgalt

They’d be rewarded by a lifting of sanctions.


7 posted on 11/25/2022 8:31:18 AM PST by gloryblaze
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To: Presbyterian Reporter
Before the communists took over Venezuela, Chevron was a major producer of heavy crude.

So the communists in Venezuela nationalized Chevron's oil holdings once already?
And now they're back for more?

8 posted on 11/25/2022 8:32:48 AM PST by ZOOKER (Until further notice the /s is implied...)
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To: Vendome
...easing of sanctions against Venezuela at a time when the United States is pushing for higher oil production to ease soaring prices.

Well, it's just one Commie Government helping out another Commie Government, neither of which will deliver the oil that they were already paid for.

I remember the Good Old Days when the Soviet Union was Communist, and now it's the US Government that's the Commie Menace, how times have changed!

9 posted on 11/25/2022 8:33:18 AM PST by Navy Patriot (Celebrate Decivilization)
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To: Vendome

With inflation and all, it’s now, “TWENTY PERCENT for The Big Guy!” Happy Days ARE Here Again...for Brandon and his Merry Band of Grifters!

Hunter being recruited right this minute to work for Chevron. *SPIT*


10 posted on 11/25/2022 8:34:43 AM PST by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
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To: Vendome

What most hippies don’t understand is that, if you make it difficult to drill in the US, two things happen. One, the price goes up, which means the oil companies make more money for less work. The second is that they just shift their investment dollars abroad. So foreign governments collect the royalty payments, and foreign labor collects the salaries.

Either way, big oil is fine. They have what you need, and they are good at finding more of it.


11 posted on 11/25/2022 8:36:39 AM PST by marron
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To: ZOOKER
And now they're back for more?

Yeah, Biden has promised to make good on Commie debts to American Corporations, and he PROMISED there are no Nazi strings attached, ... Honest!

12 posted on 11/25/2022 8:37:15 AM PST by Navy Patriot (Celebrate Decivilization)
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To: iamgalt

> Why do they need our permission? <

It’s because the United States thinks it’s the master of the universe. The Romans had that same kind of arrogant thinking. And we all know how that turned out.

Anyway, there was a new item out the other day that said the United States had given Bulgaria permission to buy Russian oil. I’m simply amazed by that. Evidently one sovereign country needs our permission to buy energy from another sovereign country.


13 posted on 11/25/2022 8:39:12 AM PST by Leaning Right (The steal is real.)
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To: Vendome

Related...

https://justthenews.com/government/white-house/amid-still-elevated-gas-prices-biden-prepared-give-chevron-license-pump-oil


14 posted on 11/25/2022 8:39:37 AM PST by mewzilla (We will never restore the republic if we don't first secure the ballot box.)
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To: Leaning Right

It’s okay, they have it all figured out - there are no polar bears in Venezuela!


15 posted on 11/25/2022 8:40:01 AM PST by Wilhelm Tell (True or False? This is not a tag line.)
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To: Leaning Right
This is all so confusing. Now Joe Biden wants to ramp up oil production. Why does he hate the Earth? And why does he want to kill all the polar bears?

And why does the Big Guy Grifter Brandon prefer Venezuelan oil to American oil? Commie kickback thrill?

16 posted on 11/25/2022 8:40:49 AM PST by GOPJ (Unsolved crime? Jump to the conclusion the killer is a LGBTQIA2S+ (Turn about's fair play.))
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To: Vendome

Hey stupid idiot homo loving communist dimocrats: THE OIL IS OUT IN NORTH DAKOTA!!!!! How’s about opening THAT BACK UP, you stupid fools!!!!


17 posted on 11/25/2022 8:41:48 AM PST by RetiredArmy (POLITICIANS ARE NOT THE ANSWER!! Jesus Christ is THE Way, THE Truth & THE Life. Only by Him!!)
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To: Vendome

Chevron Could Get Approval To Ramp Up Dirty Oil Production In Venezuela

While US Clean Oil remains Tightly Restricted For The Children.


18 posted on 11/25/2022 8:48:00 AM PST by PIF (They came for me and mine ... now its your turn)
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To: iamgalt

“Why do they need our permission?”

Exactly right! Why the heck does Chevron need US government permission to expand production in another country?


19 posted on 11/25/2022 8:51:26 AM PST by ProtectOurFreedom (If you're not part of the solution, you're just scumming up the bottom of the beaker!)
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To: ProtectOurFreedom; iamgalt
I guess I should have read the third paragraph more closely. The reason is sanctions on Venezuela...
Easing sanctions on Venezuela is among the only options left to the Biden administration to increase oil production. OPEC+ has refused to heed Washington’s calls for a production hike; instead, cutting production by 2 million bpd through the end of the year. Sanctions will not be eased on either Russia or Iran
So our federal government if will to look the other way on human rights abuses sanctions to get a bit more oil. That is pathetic.

"... the only options left to the Biden administration to increase oil production." What a blatant LIE. It's the only option if you have put all US production expansion off limits.

20 posted on 11/25/2022 8:54:45 AM PST by ProtectOurFreedom (If you're not part of the solution, you're just scumming up the bottom of the beaker!)
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