https://www.wsj.com/articles/bidens-dirty-oil-deal-with-venezuela-free-elections-guyana-environmental-reparations-strategic-value-pdvsa-11669579238?mod=opinion_lead_pos9
At the United Nations climate conference in Sharm El Sheikh, Egypt, the U.S. agreed to pay environmental reparations to developing countries. Days later it emerged that the Biden administration would issue a new license to Chevron to resume operations in joint ventures with Venezuela’s oil company, PdVSA.
The U.S. government thinks you’re a fool, dear reader. And not only because it waited until Americans were en route to grandma’s house for Thanksgiving to let news slip of a deal to increase heavy-crude output from joint ventures controlled by a dictatorship allied with Iran. Or that it expects you to believe that Venezuela is considering a return to free elections in exchange.
Presumably you also haven’t noticed Team Biden’s effort to impede the development of huge reserves of light sweet crude from Guyana, a U.S. ally.
Washington policy makers occasionally make miscalculations that help American enemies, undermine development in a poor country, or harm U.S. economic interests. But to nail the trifecta requires a special blend of ideological blindness and incompetence that is mercifully rare. Still, as the administration’s treatment of Guyana demonstrates, it does happen.