Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

Biden Eases Sanctions on Communist Venezuelan Govt

by November 27, 2022
November 27, 2022
Biden Eases Sanctions on Communist Venezuelan Govt

Biden’s administration yesterday authorized Chevron to begin drilling in Venezuela again, easing Trump-era sanctions and giving an economic lifeline to the tyrannical Maduro government who has brought the South American country to absolute economic ruin.

It’s illegal in Venezuela to publish the actual currency conversion rates. Most of the country’s economy is now transacted illegally in U.S. dollars.

The sanctions preventing the development of oil reserves in the country were from 2019 when President Trump sanctioned the country for engaging in widespread voter fraud.

The 2020 elections in Venezuela lacked “any credibility”, according to the US State Dept. at the time. Part of Maduro’s election-related crimes were creating false charges against political opponents and rounding up opposition leaders and jailing them. The elections in Venezuela were conducted and overseen by Smartmatic until 2018. Smartmatic later said that the government had the ability to change the results on its systems if it so choosed. Communist tyrant Nicholas Maduro denounced all election deniers as insurrectionists and seditionists.

From Energy Intelligence:

The US slapped sanctions on Venezuela in 2019 after Maduro took office following an election many countries and observers said was not free and fair. Those sanctions barred most activity by US firms in the country and banned the import of Venezuelan oil into the US. Washington has not recognized Maduro as the country’s president, instead throwing its weight behind opposition figure Juan Guaido, whose own political fate has seemed uncertain of late.

Chevron did not comment on its likely ramp-up of activity.

Under the new license from the US Treasury Department, Chevron’s joint ventures with state-owned Petroleos de Venezuela (PDVSA) can produce oil, and Chevron can lift that oil as repayment for investments the company has made in developing assets in Venezuela.

Washington in July gave approval for Italy’s Eni and Spain’s Repsol to undertake similar crude-for-debt swaps.

Under Chevron’s new license, the oil can be freely exported, including into the US. In the three years before the sanctions were implemented, US imports from Venezuela ranged between 600,000-800,000 barrels per day.

There’s no word on how much, if any, energy industry expert Hunter Biden benefitted from the new Chevron license.

The post Biden Eases Sanctions on Communist Venezuelan Govt appeared first on The Gateway Pundit.

0
FacebookTwitterGoogle +Pinterest
previous post
Rep. Steve Scalise Details The Investigations The New GOP Controlled House Will Undertake
next post
NYC DOE Staffers Tell Foreign Educators to Keep Quiet About Outrageous Cost of Living Or Risk Deportation

You may also like

Top Dem and GOP lawmakers sound off on...

December 20, 2022

Tulsi Gabbard scores key committee Republican’s support ahead...

February 4, 2025

BREAKING: TGP’s Jordan Conradson and RAV’s Ben Bergquam...

November 11, 2022

Dirty Liz Cheney Says She Will “Do Everything...

September 25, 2022

In New Jersey, cancer-stricken casino dealers push for...

March 10, 2023

Here We Go: WHO Warns Drop in COVID...

December 4, 2022

Axios omits crucial details about economists who say...

June 27, 2024

New York judge rules state can’t force parents...

March 25, 2023

Fox News Politics: Disorder in the House?

January 10, 2023

Trump will attend Pope Francis’ funeral in Rome...

April 22, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump talks with Putin, spars with South African leader, threatens EU tariff hike in 18th week in office

      May 24, 2025
    • 4 Best Assignment Writing Services Reviewed by University Students

      May 24, 2025
    • DAVID MARCUS: Tax-free overtime could be midterm magic for GOP

      May 24, 2025
    • SCOOP: House Republicans request ban on federally funded ‘transgender animal’ experiments in 2026 budget

      May 24, 2025
    • WATCH: GOP senators rail against staggering $4.7 trillion in untraceable Treasury payments

      May 24, 2025
    • Trump unleashes US nuclear renaissance with bold executive orders

      May 24, 2025

    Categories

    • Business (8,038)
    • Investing (1,986)
    • Politics (15,367)
    • Stocks (3,106)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved