Results 1 to 9 of 9
  1. #1
    NBA Legend Hey Yo's Avatar
    Join Date
    Mar 2014
    Posts
    17,114

    Default How come Biden will let Chevron drill in Venezuela but not here in the U.S?

    Plus, how come drilling there won't hurt the climate but it would hurt it if there was drilling here in the U.S??


    [I]NSC Strategic Communication Coordinator John Kirby on Monday defended easing oil sanctions against Venezuela, saying that there are plenty of untapped opportunities for companies to drill in the United States.

    The comments came in response to an inquiry from Fox News White House Correspondent Peter Doocy, who asked Kirby why President Biden "would rather let U.S. companies drill for oil in Venezuela than here in the U.S.?"

    The question appeared to reference the Biden administration easing sanctions and allowing oil giant Chevron to pump Venezuelan oil if Venezuela’s government, led by President Nicolás Maduro, and its opposition agreed to resume long-stalled negotiations meant to find a common path out of their country’s complex crisis.

    Kirby told Doocy that his framing of the question was "not an accurate take on the president’s view," to which Doocy retorted that the president himself, earlier this month, said "there is no more drilling."

    Kirby shot back that President Biden has issued 9,000 permits for drilling on U.S. federal lands – all of which, he said, are "being unused."

    "There are plenty of opportunities for oil and gas companies to drill here in the United States," Kirby said. "I’ll let Chevron speak for this particular issue of sanctions relief, but our expectation is it won’t be a lot of oil coming out of there. It will have to be shipped to the United States."

    It remains to be seen how much will get drilled down there. It will be up to Chevron to decide that," Kirby said. "But as a function of the sanction itself, that oil – whatever product is drilled – has to come to the United States."

    The comments came after representatives of Maduro and Venezuela’s opposition – including the faction backed by the United States and led by Juan Guaidó – met in Mexico City on Saturday, where they signed an agreement to create a U.N.-managed fund to finance health, food and education programs for the poor.

    The Treasury Department on Saturday announced its decision to allow California-based Chevron to resume "limited" energy production in Venezuela after years of sanctions that have dramatically curtailed oil and gas profits that have flowed to Maduro’s government.

    During his first hours in office, Biden canceled the Keystone XL pipeline, which would have carried more than 800,000 barrels of Canadian oil per day to Texas for refining. He also imposed a "pause" on oil and gas leasing on federal lands. The 9,000 number the White House has repeatedly cited includes permits that were approved during prior administrations, and also includes permits for which exploration may not have been completed and for which the funding to drill may not yet have been secured.


    Venezuela produces at most 800,000 barrels of oil per day. That figure is up from the average of 525,000 barrels it produced a year ago, but far off its failed target of 1 million a day by the end of 2021 and nowhere near the more than 3 million barrels per day the country was producing in the 1990s.

    Venezuela’s oil is also heavier and grimier and is more suited for making asphalt and petrochemicals rather than being used for cars. Extracting gasoline and diesel from Venezuela’s oil would require a complicated refining process.




    https://www.foxbusiness.com/politics...fefe88d8c3dc83

  2. #2
    NBA lottery pick diamenz's Avatar
    Join Date
    Jun 2012
    Posts
    5,739

    Default Re: How come Biden will let Chevron drill in Venezuela but not here in the U.S?

    wouldn't we rather deal with venezuela than saudi arabia?

    why is fox crying about drilling here in the us when we just export the shit anyway?

    how will this affect gas prices here?

  3. #3
    NBA Superstar eliteballer's Avatar
    Join Date
    Jun 2006
    Posts
    13,643

    Default Re: How come Biden will let Chevron drill in Venezuela but not here in the U.S?


  4. #4
    Good college starter Facepalm's Avatar
    Join Date
    Jan 2015
    Posts
    3,445

    Default Re: How come Biden will let Chevron drill in Venezuela but not here in the U.S?

    Quote Originally Posted by eliteballer View Post
    You have to forgive these wretches, they only know what Tucker Carlson feeds them.

  5. #5
    NBA Legend Hey Yo's Avatar
    Join Date
    Mar 2014
    Posts
    17,114

    Default Re: How come Biden will let Chevron drill in Venezuela but not here in the U.S?

    Quote Originally Posted by eliteballer View Post
    Did you miss where it says "though it’s debatable whether any drilling will actually occur".

    What did your demented hero mean 3wks ago when he said "no more drilling?"

    While any U.S. president can be excused for not knowing every detail of what is happening in his or her administration, neither response was in fact accurate. The Biden administration has not just approved more drilling for oil and gas on federal lands and waters, it has boasted about how many new permits it has issued for such operations whenever the moment was convenient for its purposes, including a recent claim it has issued 9,000 new drilling permits during its 22 months in office.

    But the President’s responses to these questions, while not accurate, do betray his mindset on the matter, which he has expressed repeatedly from the beginning of his presidential campaign in mid-2019. Simply put, the regulatory and legislative agenda of the Biden administration has pushed to restrict and, where possible, eliminate drilling for oil and natural gas in the United States.


    In his Saturday statement chastising Biden for his attacks on the coal industry, Senator Manchin complained, “Comments like these are the reason the American people are losing trust in President Biden. … It seems his positions change daily depending on the audience and politics of the day.

    https://www.forbes.com/sites/davidbl...h=499df69978e7

  6. #6
    The Renaissance man bladefd's Avatar
    Join Date
    Mar 2008
    Location
    Galaxy Far Far Away
    Posts
    15,528

    Default Re: How come Biden will let Chevron drill in Venezuela but not here in the U.S?

    A private company Chevron has been allowed to produce energy in Venezuela. It's not the US government. Also, it's under negotiations with Venezuelan government.

    Also, US is already by far the #1 oil producer on Earth. It's something dumbasses like OP forget when they make threads like this.

  7. #7
    NBA Legend Hey Yo's Avatar
    Join Date
    Mar 2014
    Posts
    17,114

    Default Re: How come Biden will let Chevron drill in Venezuela but not here in the U.S?

    Quote Originally Posted by bladefd View Post
    A private company Chevron has been allowed to produce energy in Venezuela. It's not the US government. Also, it's under negotiations with Venezuelan government.

    Also, US is already by far the #1 oil producer on Earth. It's something dumbasses like OP forget when they make threads like this.
    If we're producing so much, why the need to tap into the oil reserves to bring gas prices down?

    Why isn't it hurting the climate if drilling is done in Venezuela, but would hurt the climate if done in the U.S?

  8. #8
    NBA Superstar eliteballer's Avatar
    Join Date
    Jun 2006
    Posts
    13,643

    Default Re: How come Biden will let Chevron drill in Venezuela but not here in the U.S?

    Quote Originally Posted by Hey Yo View Post
    Did you miss where it says "though it’s debatable whether any drilling will actually occur".

    What did your demented hero mean 3wks ago when he said "no more drilling?"

    While any U.S. president can be excused for not knowing every detail of what is happening in his or her administration, neither response was in fact accurate. The Biden administration has not just approved more drilling for oil and gas on federal lands and waters, it has boasted about how many new permits it has issued for such operations whenever the moment was convenient for its purposes, including a recent claim it has issued 9,000 new drilling permits during its 22 months in office.

    But the President’s responses to these questions, while not accurate, do betray his mindset on the matter, which he has expressed repeatedly from the beginning of his presidential campaign in mid-2019. Simply put, the regulatory and legislative agenda of the Biden administration has pushed to restrict and, where possible, eliminate drilling for oil and natural gas in the United States.


    In his Saturday statement chastising Biden for his attacks on the coal industry, Senator Manchin complained, “Comments like these are the reason the American people are losing trust in President Biden. … It seems his positions change daily depending on the audience and politics of the day.

    https://www.forbes.com/sites/davidbl...h=499df69978e7
    I posted a factual news article and you posted an opinion piece by a right leaning publication…

  9. #9
    The Renaissance man bladefd's Avatar
    Join Date
    Mar 2008
    Location
    Galaxy Far Far Away
    Posts
    15,528

    Default Re: How come Biden will let Chevron drill in Venezuela but not here in the U.S?

    Quote Originally Posted by Hey Yo View Post
    If we're producing so much, why the need to tap into the oil reserves to bring gas prices down?

    Why isn't it hurting the climate if drilling is done in Venezuela, but would hurt the climate if done in the U.S?
    Because the US government does not own or control the oil from the American private oil companies. Private oil companies control the oil prices in USA, and they usually price based on global oil pricing set by OPEC (and ofc to profit). They also sell oil overseas. If the US were to nationalize the oil companies (like Russia and Saudi Arabia do), then US government can charge whatever they want for oil here in the US.

    Venezuela is #25 overall in oil production (per capita, they are not even top 25). The Venezuelan sanctions have been eased on a limited basis and until the negotiations are done, we don't even know how much oil Chevron will be pumping in Venezuela. There are also humanitarian requirements by US government as part of negotiations. The license is also only valid for 6 months.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •