Loading ...It all has to do with election year machinations……….
The US needs a scapegoat so they can rationalize draining the SPR again….
US Prepares To Reimpose Venezuela Oil Ban As Biden Seeks Scapegoat To Resume Draining SPR
Tyler Durden’s Photo
BY TYLER DURDEN
WEDNESDAY, APR 17, 2024 – 11:00 AM
For much of the past year, we had joked that behind the facade of western Democratic ideals, was a cold hard truth: the price of oil must not be allowed to go up in an election year. This was obvious in Biden’s “kid gloves” treatment of Iran’s regime, it was obvious when the US implemented “sanctions” on Russian oil that were breached within months with zero enforcement, it was also obvious when the US president became best friends with Venezuela’s dictator Nicolas Maduro last October when, in exchange for a few thousands barrels of Venezuela’s oil, the US lifted sanctions on the person that for years was one of western “democracies” biggest enemies.