https://www.wsj.com/articles/biden-eyes-venezuelan-oil-russia-ukraine-gas-prices-maduro-national-imports-11647195311?mod=opinion_lead_pos8
War profiteering is the world’s second-oldest profession, and it’s silly to feign shock over efforts by petroleum companies and financiers to use the bloodshed in Ukraine to make money in Venezuela.
It’s harder to understand why the Biden administration would rush to help the oil industry and its bankers at the expense of the long-suffering Venezuelan people and U.S. national security. But that seems to be where we’re headed.
On March 5 representatives from the White House and the State Department visited Caracas to negotiate with dictator Nicolás Maduro. The meeting wasn’t public. But judging from press reports, citing people familiar with the matter, it’s pretty clear that the administration is thinking about lifting the U.S. sanctions on Venezuelan oil imports and that it wanted to see what it could get in return.
The White House plays down that speculation. The meeting just happened to take place amid surging gasoline prices and ahead of Mr. Biden’s Tuesday announcement that the U.S. will forbid Russian oil imports.