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Trump’s New World Order Introduces New, Fatter Tail Risks
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January 7, 2026
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12:12Now PlayingGlobal markets are largely taking President Trump's raid and capture of Venezuela’s Nicolas Maduro in stride -- in the first full trading day after the weekend's events, stocks gained, along with traditional havens like gold and treasuries. As the Trump administration keeps showing that the rules of diplomacy are changing, traders and analysts are catching up to a regime-shift signal for global markets, one that makes geopolitical tail risks fatter going forward. Peter Tchir, Head of Macro Strategy at Academy Securities, joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec.
The Trump administration plans to control future sales of oil from Venezuela and use the proceeds to rebuild the nation’s beleaguered economy, Energy Secretary Chris Wright said.
“If we control the flow of oil and the flow of the cash that comes from those sales, we have large leverage,” Wright said at the Goldman Sachs Energy, Clean Tech & Utilities Conference in Miami on Wednesday. “We need to have that leverage and that control of those oil sales to drive the changes that simply must happen in Venezuela.”
His comments shed more light on the Trump administration’s strategy of using Venezuela’s oil industry and exports of the commodity, both as leverage over the country and as a source of revenue that the US can oversee.
President Donald Trump said Tuesday evening that Venezuela would relinquish as much as 50 million barrels of its oil to the US, valued at about $2.8 billion at current market prices. Trump said the cargoes would be sold with proceeds benefiting both countries.
Wright said Wednesday that volume will come from oil in storage in Venezuela. He also said the US government plans to deposit funds from the sale of that crude into government accounts and use them to benefit the Venezuelan people.
Holding the revenue in US Treasury accounts would protect them from Venezuela’s creditors, a person familiar with the matter said. The US will slowly ease sanctions on the country, according to two administration officials.
Trump is pushing for oil US companies such as Chevron Corp., ConocoPhillips and Exxon Mobil Corp. to rebuild Venezuela’s infrastructure and revive production now that the US has removed former President Nicolás Maduro. The Trump administration has already had conversations with multiple oil companies, according to an official. The president is set to meet with energy executives at the White House on Friday, according to people familiar with the matter.
Venezuela’s oil sector has suffered from years of corruption, underinvestment and neglect, and its production is less than 1 million barrels a day. Wright estimated that output could be increased by several hundred thousand barrels a day in the short to medium term.
Restoring the industry to its former glories would be a huge undertaking, costing an estimated $10 billion per year over the next decade, according to estimates from Francisco Monaldi, director of Latin American energy policy at Rice University’s Baker Institute for Public Policy.
US oil companies have so far said little publicly about their willingness to take on such an endeavor.Read More: Trump’s Venezuela Oil Revival Plan Is a $100 Billion Gamble
Venezuela sits atop some of the world’s largest crude reserves, but companies will want to ensure there’s a stable government in place before making any long-term investments. They will also want some degree of confidence Washington will support their presence in Venezuela even after Trump is no longer in office.
The Trump administration has already had conversations with multiple oil companies, according to an official. The president is set to meet with energy executives at the White House within the next week, according to people familiar with the matter.
Secretary of State Marco Rubio also may attend the sit-down that’s being planned, the people said.
Chevron is the only US major operating in Venezuela, working under a special license from Washington.
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