What does easing sanctions on Venezuela mean for crude oil?
The Biden administration agreed Wednesday night to ease sanctions on Venezuela\u2019s oil industry after the Maduro government promised reforms allowing more competitive presidential elections next year. The policy shift has drawn Republican pushback and questions about the impact on global energy prices. POLITICO\u2019s Ben Lefebvre breaks down the deal\u2019s energy ramifications for the United States and the world, along with the GOP criticisms. Plus, the Biden administration will put nearly $3.5 billion toward hardening electricity infrastructure in a move it says represents the largest-ever investment in the nation\u2019s power grid.\n\nFor more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch\n\nAnd for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy\n\nCatherine Morehouse is an energy reporter for POLITICO and the host of the POLITICO Energy podcast.\nBen Lefebvre is an energy reporter for POLITICO. \nNirmal Mulaikal is a POLITICO audio host-producer. \nKara Tabor is an audio producer for POLITICO.\nGloria Gonzalez is the deputy energy editor for POLITICO. \nMatt Daily is the energy editor for POLITICO.