Bloomberg Talks Ed Morse Talks Commodities
Jan 5, 2026
Ed Morse, a Senior Advisor and commodities strategist at Hartree Partners with extensive experience in global oil markets, sheds light on the intricacies of Venezuela's oil revival amidst political upheaval. He shares insights on the billions needed in investment for infrastructure to attract oil companies back to Venezuela. Morse also discusses the geopolitical landscape, US involvement, and China's predicament as a creditor. Additionally, he explores OPEC+'s cautious strategy and how expanding U.S. energy policy could reshape the future beyond oil.
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Oil Revival Needs Infrastructure And Institutions
- Venezuela's oil revival requires massive infrastructure and institutional rebuilding before production recovers.
- Ed Morse says billions are needed and companies will only invest if political and commercial risks fall sharply.
Capital Flows Will Compete With Other Frontiers
- Oil companies weigh supply-demand, investment risk and alternative opportunities before committing capital.
- Morse highlights Guyana, Argentina, Brazil and Africa as competing investment destinations.
New Venezuelan Government Likely To Cooperate
- Maduro's removal creates a government focused on survival that will likely need to cooperate with the U.S. to survive.
- Morse views limited options for Venezuela and expects cooperation driven by survival pressures.
