Immediately after taking office, President Biden began attacking America’s oil and gas industry which former President Trump had worked to make our country energy independent. Now as America faces a historic energy crisis, Biden is being forced to act – but it’s not what you would expect.
The Biden administration could easily reverse its overly restrictive policies which have handicapped the nation’s ability to produce the oil it needs but instead he’s giving the nod to socialist foreign nations.
In a clear demonstration of that, the Treasury Department recently announced that it would be allowing Chevron to pump more oil in Venezuela. In order to do so, the president removed sanctions placed on the socialist country – rather than freeing up American production.
The Biden administration interestingly claimed that the move was NOT done to bring down fuel prices in America, but rather about expressing “support” for Venezuela.
“This action is not being taken in response to energy prices, this is a limited license,” an anonymous official told Politico. “As we have said in the past, this is about the regime taking the steps needed to support the restoration of democracy in Venezuela.”
While Biden has gone all-in on fighting climate change here at home, apparently his willingness to support brutal Venezuelan President Nicolás Maduro’s regime outweighs his supposed desire to save the environment.
By that logic, Biden seems to care more about propping up the socialist country than he does about helping American people who are suffering economically as a result of his disastrous ‘green energy’ policies.
The support for drilling in Venezuela becomes even more confusing when considering the fact that the Biden administration has taken steps to hinder other South American allies oil production – citing climate change as the reasoning.
According to The Wall Street Journal, America recently blocked a $70 million loan from U.S.-based bank IBD Investments that would have allowed Guyana to upgrade necessary infrastructure in the country to allow exports of its oil.
The Biden administration’s “reasoning was based on August 2021 Treasury ‘guidance on fossil fuel energy at the multilateral development banks,’ which says that the U.S. will ‘promote ending international financing of carbon-intensive fossil fuel-based energy.’”
Meanwhile, the Chinese Communist Party saw an opportunity and stepped in to help the U.S. ally of Guyana. That same CCP has ignored calls to reduce Co2 emissions and has instead ramped up coal production while also making a laughingstock out of Biden climate czar John Kerry.
While the Biden administration continues to destroy America’s energy industry it seems Socialist and Communist nations are reaping the benefits while the American public is forced to foot the bill.