Bloomberg Surveillance Trump Reshapes Global Order With Maduro Capture
27 snips
Jan 5, 2026 
Edward Morse, a commodities strategist, shares insights on Venezuela's oil recovery post-Maduro's capture. He highlights the complex path ahead due to infrastructure needs and geopolitical dynamics. Keith Lerner, Truist's CIO, provides a macro outlook for 2026, emphasizing earnings-driven equity gains and fixed income strategies. Henrietta Treyz discusses the political implications of the Venezuelan operation and its effect on U.S. policy, focusing on military spending and potential shifts in Latino voter sentiment. It's a compelling mix of energy, finance, and geopolitics!
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Venezuela Oil Revival Is A Long Road
- Venezuela's oil revival will be a multi-decade, institution-building effort requiring billions in infrastructure investment.
- Edward Morse warns oil companies need political and contractual confidence before committing capital.
Use Pilot Deals To Prove Cooperation
- Build trust step-by-step with both U.S. and Venezuelan authorities before large investments occur.
- Expect initial small, short-term projects (eg. Chevron) to test cooperation before major capital flows.
Reserves Don’t Mean Easy Production
- Venezuela holds the largest known reserves but much of the oil is heavy, complex, and costly to produce.
- Restoring past production requires not just capital but rebuilt institutions and skilled personnel.
