U.S. grants Chevron license to pump oil in Venezuela
Washington PostAPR 2023
It's a bad policy for the Biden admin. to allow other companies to pump oil in Venezuela amid its efforts to push the US oil industry offshore. Domestic shale oil is much more environmentally friendly than heavy Venezuelan crude oil, yet Washington prefers to favor an authoritarian regime over allowing new drilling leases in the US.
While solving Venezuela's complex crisis still requires a lot of effort, recent developments show that all parties are finally moving in the right direction. Allowing Chevron to resume pumping oil in Venezuela isn't related to soaring energy prices as the US is focused on restoring democracy — this is why the US can revoke it if Maduro breaks his commitments.