President Biden is showing hostility to the U.S. oil industry by turning to Venezuela, not domestic producers, to supply America's energy, according to experts and industry insiders.
President Biden is showing"outright hostility" to theto foreign countries — including adversaries — to supply America's energy needs rather than domestic producers, according to experts and industry insiders.
"I have never understood this outright hostility to an industry that is critically important for U.S. manufacturing, transportation, and national security," he continued."Instead of working with the oil industry, President Biden approaches them with outright hostility, making demands upon them and criticizing them for making profits."
An oil worker walks toward a drill rig after placing ground monitoring equipment in the vicinity of the underground horizontal drill in Loving County, Texas, Nov. 22, 2019. In October, the Organization of the Petroleum Exporting Countries and its non-member allies, a coalition known as OPEC+ led by Russia and Saudi Arabia, announced they wereby 2 million barrels a day, a move that observers feared would push up already high global energy prices.
By turning to Venezuela for oil, Biden may also be undermining his own climate and environmental agenda.Last summer, the World Bank published data showing the U.S. has made, which is the burning of natural gas associated with oil extraction. Biden has said he wants to end the practice by 2030.
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