Trumponomics What Trump's Venezuela Attack Means for the Global Economic Order
20 snips
Jan 7, 2026 
Javier Blas, a Bloomberg Opinion columnist and energy expert, joins Chris Kennedy, a geoeconomics analyst with ties to the National Security Council. They dive into the U.S. operation in Venezuela and its implications for global oil prices and U.S. foreign policy. Blas highlights Venezuela's immense oil potential, while Kennedy discusses how U.S. control over these resources could reshape geopolitical dynamics. They also touch on the challenges facing Venezuelan oil recovery and the critical role of leadership stability for future investments.
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Americas Control A Large Share Of Oil
- Javier Blas argues the Americas now account for roughly 40% of global oil output when adding Venezuela under US influence.
- That concentration gives the US greater leverage to keep oil prices lower and free up foreign-policy options.
Cheaper Oil Loosens Foreign-Policy Constraints
- Lower oil-price risk reduces a traditional constraint on US foreign policy and military options.
- Javier Blas links recent US actions in Iran and Ukraine to reduced fear of energy-price backlash.
Control Denies Adversaries Strategic Supply
- Chris Kennedy says control of Venezuelan production increases US leverage and denies rivals access to a strategic energy source.
- He highlights Cuba as an immediate example of an ally now deprived of Venezuelan oil.
