Sunday, November 27, 2022

U.S. To Increase Oil Production In Venezuela

 

CNBC: U.S. issues expanded license to allow Chevron to import Venezuelan oil 

* Chevron received an expanded U.S. license allowing it to resume production in Venezuela and to import the South American country’s crude into the U.S. 

* The decision allows Chevron to revive existing oil projects in the U.S.-sanctioned country and bring new oil supplies to refiners in the U.S. 

* The deal restricts cash payments to Venezuela, however, which could reduce the amount of oil available to Chevron. 

 Chevron on Saturday received an expanded U.S. license allowing the second-largest U.S. oil company to resume production in Venezuela and to import the South American country’s crude into the United States. 

The decision allows Chevron to revive existing oil projects in the U.S.-sanctioned country and bring new oil supplies to refiners in the United States. However, it restricts cash payments to Venezuela, which could reduce the amount of oil available to Chevron. 

License terms are designed to prevent Venezuelan state-run oil firm PDVSA from receiving proceeds from Chevron’s Venezuelan petroleum sales, U.S. officials said. The license lasts for six months and will be automatically renewed monthly thereafter, according to the U.S. Treasury.  

Read more ....  

WNU Editor: Washington limits oil production in the U.S., but encourages oil expansion in Venezuela. 

As usual. Washington makes a decision that makes no sense. 

U.S. To Increase Oil Production In Venezuela  

U.S. grants Chevron license to pump oil in Venezuela -- Washington Post  

US provides Chevron limited authorization to pump oil in Venezuela after reaching humanitarian agreement -- CNN  

US grants Chevron approval to pump oil in Venezuela -- Washington Examiner 

U.S. gives Chevron go ahead to pump oil in Venezuela again -- Axios

10 comments:

RussInSoCal said...

It actually makes perfect sense if you look at from an American Eco-Marxist perspective.



Anonymous said...

The alternative media has reported the story.

It makes perfect sense. Perfect in the sense that if you start with certain axioms, then this is the inexorable result.

a) The ruling oligarchy can make life hard for the pleb, but not too hard. Therefore, the price of oil must come down at least temporarily.

b) You have to keep up the pretense of not drilling to make the green acolytes, dervishes and faithful happy by banning oil exploration in the US. Oil exploration outside the Western World can be disavowed, if it is noticed at all. If it is notice the MSM will spring into action with info jamming like a wild weasel. They will disgorge clickbait, chaff or shiny objects. If person makes it through all that and the flak, they will face fact check articles, where the MSM has a second bite at the propaganda apple.

Anonymous said...

YOU CAN'T make this shit up.
We're living in vaudeville days,
Send in the Clowns. 🤡

Amp1776 said...

A socialist wink. What say you?

Amp1776 said...

The mission is to break the American oil sector, and impose so called green energy. As they have declared.

Anonymous said...

Something odd is here today . All the comments agree and make sense. LoL

Anonymous said...

Odd? ODD?

Could it be the cabal behind Joe Biden is that fucking stupid and so creates agreement?

August 2020 posted that America was or would become a Banana Republic. The only difference with the ones in Central America was that is was obviously much larger and it was "new and improved" with nukes.

Anonymous said...

You sir, have anger issues which has disturbing effects on your thought process.

If you think all these guys supported Biden or any party of the BLOB I think you are mistaken.


Third world buddy. That's where you are. Embrace the suck and just remember there will be a new day to come. But that day, I fear, will be after walking a path of blood.

Anonymous said...

Russ 2:18 & Amp 1776 have always agreed on 7 out of 10 or 9 of 10 policy issues. So no biggie, if they agree now.

Anonymous said...

I've lived in seven countries; I do not have to embrace anything.

Funny thing about blood. It loves company. I can see Moscow becoming a swamp of the kind written about in dystopian science fiction.

I have long said you have to get rid of 75% to 95% of Democrats and 75% of more of Republicans in Congress.

I am more than willing to play a game.