November 15, 2023

Iran Celebrates Oil Boom After Sanctions Lifted on Venezuela

I have lost count of the number of times that I have called Joe Biden out for trying to help Iran.

Well, he did it again.

Tasnim News Agency, Iran’s state-affiliated news outlet, claims that Iran cranked out 3.115 million barrels of oil per day in October.

This oil boom for Iran just happens to coincide with Joe Biden lifting energy sanctions against Venezuela.

Joe’s Buddies

Venezuela is both an ally and business partner for Iran, so when Biden lifted the oil and gas sanctions against Venezuela, it was also a shot in the arm for Iran.

It is not exactly a secret that Iran funnels money to terrorist organizations, so where do you think the profits from all this extra oil production will wind up?

Iran’s production went up by about 46,000 barrels per day over September and overall production is up by 298,000 barrels per day compared to last year’s figures.

The Tehran Times reported, “These statistics show that the Islamic Republic has maintained its place as the third-largest oil producer among the OPEC members.”

Venezuela benefits from this because Iran paid to help Venezuela overhaul its dilapidated oil refineries.

One more point of contention… guess who benefits from all this Iranian oil? That would be China.

So, with one stroke of a pen, Biden helped out three of our enemies while at the same time crushing domestic energy production.

Just remember this the next time you hear a Republican talking about oil being a key element of national security in addition to making us energy independent.

Not only is this feeding money to terrorists, but it removes the leverage we have over China, which reportedly imports 11.4 million barrels per day.

The more oil Iran produces, the less reliant on US oil China becomes, while at the same time being able to hold us over a barrel, no pun intended, for a significant portion of our supply chain, including a huge chunk of pharmaceuticals.

America last… that is the Biden way.

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