As the United State’s economic turmoil has subsided in recent months, President Joe Biden has seen some good press about his allegedly strong economic policy. A quick look at the oil and gas industry over the past three years, however, would show how squishy those claims really are. A more likely explanation for the relief our economy is experiencing would be the recently established flow of oil from Venezuela into the U.S. energy market—and given the broken state of Venezuela’s oil industry, these improvements won’t last long.
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