Venezuela is an obvious example of a prosperous country rapidly declining. As I noted in a recent article, the country went from freedom to tyranny in a very short time. The chances of Venezuela returning to its former status as a free, prosperous nation are very slim. However, evidently the Biden administration has hope.
On Monday, Townhall posted an article about President Biden’s decision to allow Chevron to resume pumping oil in Venezuela. This decision is in obvious contrast to the President’s limiting oil production in America.
The article reports:
The Treasury Department announced Saturday that it was giving Chevron the green light to pump in the socialist country for the first time in years in a joint venture with the country’s national oil company, Petróleos de Venezuela.
The article includes the following quote from former White House Economic Adviser Stephen Moore:
Commenting on the news, Moore said he nearly fell out of his chair reading the headlines.
“This is the same administration that won’t allow us to do drilling here in the United States, not in Texas, not in Oklahoma, not in Alaska, not in West Virginia. But we can pump oil from Venezuela,” he told Fox News of the “America last” policy. “It makes absolutely no sense…When Trump left office and I helped Trump on energy policy, our whole policy was to make America totally energy independent so we wouldn’t have to rely on countries like Venezuela and Iran and Russia. And so somebody explain this one to me because it makes no sense.”
The article concludes:
A White House official claimed the move has nothing to do with current oil prices, but instead is “about the regime taking the steps needed to support the restoration of democracy in Venezuela,” an administration official told The Wall Street Journal.
Wow. If you believe that, I would like to sell you a bridge in Brooklyn. You can have all the tolls you collect.