On Saturday, the Biden Administration granted the Chevron Corporation permission to produce and export oil from Venezuela to, among other countries, the United States. This is not with the intent to lower gas prices for Americans, but as a “restoration of democracy” in Venezuela. With this announcement, it’s abundantly clear the Biden Administration has failed to understand one major premise: American energy independence brings global stabilization.
Energy independence is one of the most important solutions in strengthening our nation against threats from any foreign adversary. When we have energy independence, we can provide our trade partners with reliable power from a friendly nation. We can set global energy markets, and thanks to the innovation of our domestic producers, we can emit the lowest carbon emissions in the world. There are strategic risks when the U.S. is not a net exporter.