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Why Trump Wants Venezuela’s Oil | Big Take

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January 9, 2026

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After the Trump Administration’s strike on Venezuela and the arrest of President Nicolás Maduro, there’s one word on everyone’s mind: oil. President Trump has big plans for the country’s vast reserves, which today account for just 1% percent of global production.

On today’s Big Take podcast, host David Gura and Bloomberg Opinion’s Javier Blas talk through the Trump Administration’s gamble on Venezuela’s oil, how the president plans to convince the energy industry to invest in the country’s aging infrastructure, and why its resources are key to the administration’s plans at home and abroad.

Read moreForget the Naysayers, Venezuela Offers Quick Oil Wins ()

Listen moreOil Prices Could Get Cheaper Despite Venezuela Blockade ()

Hosted by David Gura; Produced by Rachael Lewis-Krisky; Reported by Javier Blas; Edited by Paddy Hirsch and Simon Casey.

Fact-checking by Eleanor Harrison-Dengate; Engineering by Katie McMurran.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

See omnystudio.com/listener () for privacy information.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

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Why Trump Wants Venezuela’s Oil

Guests & Subjects Covered

Trump AdministrationsPresident Nicols MaduroPresident TrumpBig TakeDavid GuraBloomberg Opinions Javier BlasDavid Gura ProducedRachael Lewis-Krisky Reported

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