Wednesday, February 9, 2022

Chevron to Venezuela: Pay off your foreign debt and the heck with feeding people


Chevron is requesting that the Biden administration allow them to purchase oil from Venezuela for the exclusive purpose of providing that government with cash to pay off its debt to the company. The money can't go to anything else. And the Biden administration is receptive to the idea and it only hesitates because it fears losing votes in Florida. The proposal is asking a lot from Venezuela, a nation that is facing acute shortages of food and medicine as a result of the U.S.-imposed embargo. It's all about greed and nothing else. That's nothing new for most of us but the capitalists and politicians aren't supposed to make it all so obvious.

 

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