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