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Biden's Oil Deal With Venezuela Is Worse Than You Think
PJ Media ^ | DECEMBER 02, 2022 | Rick Moran

Posted on 12/02/2022 3:33:02 PM PST by george76

A week ago the Biden administration announced that it had approved an expansion of the license to Chevron so they could resume oil production in Venezuela.

This was a surprise given the administration’s hostility to fossil fuels in general and oil from Venezuela in particular.

...

That Biden would allow oil to flow from a socialist dictator like Nicolás Maduro isn’t shocking. The administration has made a nasty habit of dealing with dictators while leaving our friends high and dry. Such is the case with tiny Guyana, which was recently discovered to be sitting on an ocean of crude oil. One of the poorest countries in the western hemisphere, Guyana would benefit enormously from U.S. expertise and loans.

But that’s not going to happen.

...

all of a sudden, the earth is no longer in imminent danger of burning up and Maduro’s heavy-handed oppression doesn’t look too bad.

Venezuelan deal, that’s a good example of the desperation that this administration is

...

the extraordinarily short-sighted decisions of the Biden administration that virtually shut down the shale industry just as the price of fuel was skyrocketing and driving the rate of inflation.

...

They know what they did. They know they took the federal lands off the table,” Hamm said. “They know better and shame on them . . . They want to put oil and gas out of business.” . . .

“You have to understand where diesel comes from, and you can’t make it out of tar,” he said, in a reference to Venezuela’s ultra-heavy bituminous oil, which needs to be blended with lighter grades and requires extensive refining. . . .

The decision to allow Venezuela to expand oil production is stupid, self-defeating, and dangerously naive. All are hallmarks of the Biden administration’s approach to ..

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


TOPICS: Business/Economy; Foreign Affairs; Government; News/Current Events; Politics/Elections; US: Louisiana; US: Texas
KEYWORDS: bidenadm; bituminousoil; coal; diesel; fossilfuels; guyana; oil; oildeal; tar; venezuela; waroncoal; waronoil
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To: george76

Exxon would be stupid to move any piece of equipment to that communist hell hole. The second they pump a drop of oil Maduro will just nationalize the industry again.


21 posted on 12/02/2022 5:08:51 PM PST by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
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To: lgjhn23

Believe you can add Pascagoula to that list. And it’s closer than Lake Charles and Corpus Christi


22 posted on 12/02/2022 5:17:38 PM PST by 1riot1ranger
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To: george76
"Such is the case with tiny Guyana, which was recently discovered to be sitting on an ocean of crude oil. One of the poorest countries in the western hemisphere, Guyana would benefit enormously from U.S. expertise and loans."

Guyana is a dangerous place, but if I was younger, and given the condition of the US, I would be tempted to try to make a go of it. Especially after seeing this video:

https://www.youtube.com/watch?v=3pORAa66YTk

Also, this is interesting news:

https://www.youtube.com/watch?v=RJH3j3R8heA

23 posted on 12/02/2022 7:29:25 PM PST by The Duke (Never Retreat, Never Surrender!)
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To: AdmSmith; AnonymousConservative; Arthur Wildfire! March; Berosus; Bockscar; BraveMan; cardinal4; ...

24 posted on 12/03/2022 6:52:45 AM PST by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: george76

There is no war on coal or war on oil

If there was a war, besides the killing of American jobs and families, there would be dead progressives


25 posted on 12/03/2022 6:55:41 AM PST by bert ( (KWE. NP. N.C. +12) Juneteenth is inequality day)
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To: Political Junkie Too

“The Chevron CEO said that they weren’t going to increase investments in Venezuela, so Biden extended their license for nothing.”

Exactly. The quality of Venezuelan oil is so poor refining costs make it unprofitable vs. other regional fields. Guyana, Suriname, French Guiana and Brazil all have untapped offshore fields of lighter crude. The startup costs are just cheaper in Venezuela. But no-go cuz there’s a glut of untapped oil which is higher quality but with higher startup costs.


26 posted on 12/03/2022 7:14:40 AM PST by Justa (If where you came from is so great then why aren't Floridians moving there?)
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To: SunkenCiv
Biden's deal isn't worse than I think unless he's giving an extra kickback to the Cartel's and China along with everything else...

Civ, did you know Biden introduced President Macron to his sister at the State Dinner? It's on tape... even walked Macron over to the table where she was sitting. I guess Hunter the drug addicted whore-monger and Biden's brother are too obvious.

27 posted on 12/03/2022 10:23:21 AM PST by GOPJ (Has Biden had dinner with an anti-evangelical? Will Schumer condemn him if he has?)
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To: GOPJ
Macron prefers an older partner, because, well, let's just say, Biden should have introduced Macron to Paul Pelosi instead.
Rimshot!

28 posted on 12/03/2022 11:03:31 AM PST by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: SunkenCiv
Macron prefers an older partner, because, well, let's just say, Biden should have introduced Macron to Paul Pelosi instead.

LOL - true. But Biden likes to keep his graft in 'the family' - and by that I really do mean Biden's family...

29 posted on 12/03/2022 11:06:55 AM PST by GOPJ (Has Biden had dinner with an anti-evangelical? Will Schumer condemn him if he has?)
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