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Report: US Could Ease Venezuela Sanctions, Allow Chevron to Pump Oil

  • #Oil & gasoline
  • #Venezuela
  • #Canada
  • #Politics
  • #Syria
  • #Yemen
  • #Prices
  • #Manufacturing
  • #Russia
  • #Finance
  • #COVID-19
story
OCT 2022
Image copyright: Associated Press [via Al Jazeera]
story last updated OCT 2022

The Spin

Narrative A

The Venezuelan oil embargo has failed, and not lifting it would continue a harmful policy, especially amid the global energy crisis. Despite bipartisan opposition to relaxing sanctions, the Biden administration will only harm both the American and the Venezuelan people by keeping this failed approach in place. This new plan may just be the strategy needed.

Guardian

Narrative B

Since he took office, Biden has been at war with the US oil business, and this plan would only continue those hostilities. Working with domestic oil companies should be his focus, not opening up Venezuela, which might not even be able to overcome its oil industry’s dilapidated state and produce enough oil to alleviate the problem of high gas prices.

FOX News

Metaculus Prediction


Go Deeper

Colombia, Venezuela Presidents Meet As Ties Keep Improving
Story
+2
NOV 2022NOV 2022

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