Can Venezuela Help Lower Gasoline Prices?

Politics, Geopolitics & Conflict Venezuela: With gasoline prices in the United States at all-time highs–over $6 per gallon in California–the pressure is on the Biden Administration to vigorously pursue ways to lower prices. With U.S. production stagnating at more than a million barrels per day shy of pre-pandemic levels, and with major oil consumers such as Europe looking for alternate supplies, the situation has grown worse, despite the Administration’s first step of releasing millions of barrels of oil from the SPR. Even…