Biden prefers Venezuelan oil to that of U.S. oil producers

Oil industry experts pointed out the "outright hostility" that President Joe Biden is showing by turning to other countries to meet U.S. energy needs, rather than opting for domestic producers.

It was recently reported that the oil producer Chevron is shipping more than 100,000 barrels per day of Venezuelan crude oil to the United States, thanks to a license from the Treasury Department. In fact, according to Reuters, this month the United States is expected to receive almost 3 million barrels of crude oil from Venezuela.

"It's really sad to see the way President Biden treats our domestic oil industry while asking countries like Venezuela and Saudi Arabia to produce more oil," said chemical engineer Robert Rapier, who also has several decades of experience in the energy industry.

"I have never understood this outright hostility to an industry that is critically important for U.S. manufacturing, transportation, and national security. Instead of working with the oil industry, President Biden approaches them with outright hostility, making demands upon them and criticizing them for making profits," he said.

Last year the Biden Administration gave Chevron authorization to drill for oil in Venezuela, despite the fact that the United States had been imposing sanctions on Venezuela to prevent the Maduro regime from benefiting from commercial transactions that allow its criminal activities and human rights abuses to continue.

"Venezuela has the dirtiest oil production in the world," said Tim Stewart, president of the U.S. Oil and Gas Association, noting that with this decision Biden is also undermining his own climate and environmental agenda.

More taxes and economic losses

According to an analysis conducted last year by economists Stephen Moore and Casey Mulligan, during Biden's presidential term, oil and gas production has been significantly reduced.

"The U.S. would be producing between 2 and 3 million more barrels of oil a day and between 20 and 25 more billion cubic feet of natural gas under the Trump policies. This translates into an economic loss — or tax on the American economy — of roughly $100 billion a year" the report stated.