Even if the Biden administration were to go ahead with lifting U.S. sanctions on Venezuela with the aim of securing an alternative oil supply, experts say the country is nowhere near being in a position to ramp up production in time to help temper the current price spike. The United States produces more than 12 million barrels of oil per day on average, while consuming about 19.5 to 20 million. Venezuela's output simply is not enough to make up much of what the U.S. economy needs.
Ryan Sitton, an oil and gas engineer, founder of Pinnacle Reliability, and former Texas energy regulator with experience in Venezuela, said the Biden administration and Democrats are "beholden to this anti-oil and gas narrative that is so disruptive to the U.S. economy." "You think Maduro is going to play nice with us? This is the big problem. It’s easy to say, ‘Oh we’ll just buy Venezuelan crude.’ I’m sure Maduro's over there saying, ‘Yeah, I’ll show you my crude oil. It’s going to be 150 bucks a barrel because he knows we’ve got to have it." "And once you said, ‘We’re not going to buy the Russian crude oil,’ we don’t build the Keystone Pipeline, Marduro’s going, ‘Oh man, I’ve got these guys over a barrel.
The country also lacks quality engineers, since many of the ones who ran Venezuela’s industry at its peak were exiled from the country during the Hugo Chavez era, when the socialist dictator nationalized Venezuela's oil industry. Dr. Brenda Shaffer, a senior energy adviser for the Foundation for the Defense of Democracies, told FOX Business that there was an irony in the Biden administration’s pursuing oil in Venezuela, given the higher environmental impact of heavier oil.
KXL pipeline explicitly violates Article 6, Clause 2 of the US Constitution. “All Treaties are the Supreme Law of the Land and judges in every state shall be bound thereby.” Does the US Constitution not matter? Do veterans not deserve constitutional compliance!?!
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At least Venezuela isn't threatening to Nuke other nations or invade Columbia. Perspective.
much better Mudaro than Russia or Saudis frankly
U mean like when Trump increased buying of Russian oil by 400%.. u said nothing. when Trump helped hide that MSB skaughter a US resident and bought more Oil from them? u said nothing
China Biden administration weakness and failed polices=prison now. Not working for America.
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Why does everyone needs to vote red in midterms, take back control in legislation, and start passing laws? Enough of the tide change, Biden with its veto will have an ill effect