Replies to post #26686 on The Rising Influence of Rising Affluence

[n4807g]

What an asinine way to run energy policy. This isn't a one off problem, it's a problem for years to come. So instead of supporting production in the USA we would rather "off shore" the requirement and pay higher energy prices.

Lunacy.....

[DewDiligence]

CVX—Biden administration digs in on Venezuelan oil deal:

https://finance.yahoo.com/news/2-washington-plays-hardball-chevrons-234140574.html

U.S. officials have made clear that allowing oil major Chevron to expand in Venezuela depends on a grand gesture: the Venezuelan government and opposition returning to election talks in Mexico at least for a first round, three people close to the matter said this week.

CVX investors should probably continue to ascribe no value to the company's "assets" in Venezuela.