WND By Art Moore
N.Y. Times: Move by oil producers exposes failure of Biden’s ‘fist-bump diplomacy’
The Biden administration is turning to Venezuela for help after accusing OPEC+ of siding with Russia in its decision to make the largest cut in oil production since the beginning of the COVID-19 pandemic.
The U.S. has proposed a deal that would unfreeze hundreds of millions of dollars of Venezuelan state funds held up in American banks. In exchange, the socialist dictatorship will allow Chevron to produce oil on its lands, the Wall Street Journal reported, citing sources familiar with the agreement.
On Wednesday, OPEC agreed to cut oil production by 2 million barrels a day, prompting the accusation from the White House.
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