THE ADMINISTRATION DEFENDS CHEVRON MOVE: The Biden administration is defending its Venezuela sanctions relief by playing down the expected benefit to consumers of its decision to enable Chevron to restart operations there.
Amos Hochstein, presidential coordinator for global infrastructure, climate and energy security, said the same this morning when pressed by Kernen: “The amount of oil that will come to the United States is not all that significant. It will help some but not all that significant.” When sanctions were introduced, Chevron's share of production was around 35,000 barrels per day, although the joint ventures together have a capacity of upwards of 200,000 barrels per day.
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BIDEN READIES NEW COMMITMENTS TO PROTECT NATIVE AMERICAN LANDS: Biden announced new commitments to protect Native American lands today, and is readying plans to declare a new national monument around the Spirit Mountain tribal area in Nevada that would put hundreds of thousands of federal acres off limits to development.
The interim manager would be Edward “Ted” Henifin, a professional engineer with 40 years of public works experience. Henifin would have the authority to operate and maintain the city’s drinking water system and to oversee the implementation of near-term priorities, such as a winterization project to help protect the system against winter storms.
Since last September, the European Union has spent more than $620 billion to protect against the price increases, according to a new report from the Brussels-based think tank, Bruegel. But Italy is responsible for the biggest single-month jump in November. The administration of newly-installed Italian Prime Minister Giorgia Meloni allocated two-thirds of its $36 billion budget for 2023 to provide consumers and families relief from the high energy costs.
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