US Treasury authorizes Chevron to expand oil pumping in Venezuela

You simply cannot make this ignorance up. Yea let's get more oil from one of the most environmentally UNFRIENDLY producers in the world, instead incentivizing and opening more of our own supply that's the largest in the world, under our feet. You know the thing that would add more jobs and lower the cost here in the USA.

https://www.foxbusiness.com/energy/us-treasury-authorizes-chevron-expand-oil-pumping-venezuela

 

Chevron, an "unfriendly producer".

Also, the sanctions are being eased as Maduro has agreed to talks about him stepping down.

 

What could possibly go wrong, let's make him richer but he's talking about stepping down lol. Bottom line they don't have regulation and are enviromentally unfriendly and then they get on the large carbon producing meca ship to send to America. Bottom line this administration is dumb as crap and anyone believing we're for the environment BS is ignorant.

 

So there are two bottoms lines? Wouldn't one be the second to the bottom line?

 

This is a slick move by whoever told Biden to do it. If he allowed us to drill here, then he'd have to explain to us why he is shutting it down when he eventually does. By drilling in Venezuela, he can declare them to be some sort of enemy, a threat to democracy maybe, and cancel Chevron's deal. He'd have an excuse when he appeases the environmental nuts.

BTW, just last month Biden said the Venezuelans at our border were escaping communism, so i guess Biden now supports communism.

Biden is such a tool

 

Chevron is not "drilling" in Venezuela. They are resuming pumping in Venezuela.

https://www.axios.com/2022/11/26/us-chevron-venezula-oil

But other than that lack of fact, your post seems to be odd conspiracy theory.

 

Yes Grandpa Felony Fingers Biden allows US oil extraction to resume in VENEZUELA.

THE ONLY PEOPLE WHO LIKE HIGH GAS PRICES ARE THE NOMENKLATURA WHO WANT THE PROLES FORCED ONTO PUBLIC TRANSPORTATION WHILE THEY DRIVE THEIR ELECTRIC VEHICLES: Voters Say, ‘Drill, Baby, Drill.’

'It’s not just at the pump where Americans feel the pain because the Biden administration refuses to drill for domestic oil; those policies also play out on store shelves.'

The privileged Gentry are all for high priced energy.

 

Conspiracy theories is the only thing rightists have these days.

 

Oh, wait, that changes everything because pumped oil pollutes less than drilled oil. You just put a smile on Greta's face.

 

When did the rightists start hating Capitalism?

 

Republicans are like... no we want higher oil prices

 

Unfortunately for the right, Big Oil CEO's already said why they are not increasing supply, they are afraid what happened under Trump will also happen under Biden, oil prices will drop to almost zero

so Big Oil sees it this way, sell less for more
or risk selling more for less

"Gas prices are high. Oil CEOs reveal why they’re not drilling more"

https://www.cnn.com/2022/03/24/energy/gas-prices-oil-production-wall-street

“Discipline continues to dominate the industry,” an executive from an oilfield services firm told the Dallas Fed in the survey. “Shareholders and lenders continue to demand a return on capital, and until it becomes unavoidably obvious that high energy prices will sustain, there will be no exploration spending.”

"Yet oil executives and investors don’t want to add so much supply that it causes another glut that crashes prices. And shareholders want companies to return excess profits in the form of dividends and buybacks, not reinvest them in increasing production."

 

It is sheer ignorance to think you can compensate by drilling a bit more in the US that you can compensate banning Russia and Venezuela from selling their oil to the west.


The US already supports all kinds of iffy middle eastern dictatorships.
The US also trades with China like no tomorrow.
Having Venezuela on board is not actually a shift in foreign diplomacy.

 

and most of us want cheaper gas.....

 

We COULD create a government owned and operated oil company who would produce when needed and not produce when not needed, but as long as oil production is in private hands THEY decide when to produce and how much, and at this time they are not interested in risking their money because they are making record profits as it is, and because the price of oil has already dropped almost 40% from the peak. It will soon fall to the point where its unprofitable to produce more in US, and it will probe the oil companies right about not going all-in and later take massive losses like they did in 2020.

You talk like the government can just snap their fingers and order companies to produce more, but it does not work that way. US is literally begging the oil producers to produce more, and the answer is no, - and of course we are pretty much at record levels already.

 

Iran had an idea like that. And the US government turned that country inside out for the sake to install a fascist who overturned that state owned oil company.
And the US will not rest until they got such a fascist installed again, so it seems.

 

It seems some on the forum fail to understand the meaning of socialism. This post is a perfect definition of it.

 

OFFS... did you post that with a straight face? I bet you're of the persuasion that there is 'probably' a real tape of the Golden Showers. And the only thing you all got right about the Russian collusion was there was collusion, however you all had the wrong alpha behind the culprit (D).

 

Case in point. LOL

 

Yep, case in point.. Congrats!

 

Says those who believed Trump colluded with Russia lol.

 

I love rightists. Y'all make it so easy when you expose the conspiracies you desperately want to believe. LOL

 

The irony lol

 

Yes, such government owned and operated oil company would be a textbook example of socialism, which is probably why it was never been considered. However, some people think the government can order private oil companies to dance to their music and produce more or less based on government orders. If we had such system it would be closer to what Mussolini's Italy looked like.

How about we keep things in private hands and let the private companies run their business and own the risk of running them, and of course enjoy the profits too.

Lot of countries have government owned and operated oil companies (like Norway, and Saudi Arabia), but its not our cup of tea.

 

Oh I'm sorry Moolk. You have me mistaken for someone that actually takes your posts seriously. I apologize for your confusion.