An oil deal was announced over Thanksgiving weekend with Chevron, and all Americans were supposed to cheer the news. However, there are two catches to this. One, the oil deal is for Venezuelan oil. Secondly, it won’t benefit Americans at all.

The “stupidity” of Biden officials encouraging the oil giant to go in Venezuela “is completely mind-blowing,” Fox News contributor Liz Peek said on “Mornings with Maria” Monday.

According to a recent announcement made by the U.S. Treasury Department, Chevron has been issued an expanded license to import petroleum produced by its joint venture with the Venezuelan state oil-firm, PdVSA.

The approval comes after talks resumed between the Venezuelan government, led by socialist President Nicolás Maduro, and the opposition Unitary Platform.

Keep in mind, Venezuela is run by one of the world’s worst socialists and the people in that country have suffered greatly under Nicola Maduro’s rule.