1 00:00:02,520 --> 00:00:10,680 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:12,520 --> 00:00:16,200 Speaker 2: Single best idea and the single best idea is when 3 00:00:16,239 --> 00:00:18,360 Speaker 2: you get off the plane, it is nice to come 4 00:00:18,400 --> 00:00:22,000 Speaker 2: back to America. Spend a nice amount of time in Paris, 5 00:00:22,040 --> 00:00:26,600 Speaker 2: and to come back to America always is exceptional. Of course, 6 00:00:26,600 --> 00:00:30,680 Speaker 2: what I came back to was a true original crisis. 7 00:00:31,280 --> 00:00:34,440 Speaker 2: What we did on Saturday, on Sunday and in the 8 00:00:34,560 --> 00:00:37,839 Speaker 2: early early Monday morning is find great voices. We hope 9 00:00:37,880 --> 00:00:39,600 Speaker 2: to have some of those on in the coming days. 10 00:00:40,080 --> 00:00:42,560 Speaker 2: We're very lucky this morning to have Edward Morse with this. 11 00:00:43,920 --> 00:00:46,440 Speaker 2: You know, I kid him, he's well preserved at seventy nine. 12 00:00:46,520 --> 00:00:49,479 Speaker 2: Well it's a few years. I'm beyond that iconic at 13 00:00:49,560 --> 00:00:53,320 Speaker 2: City group, definitive at the consul and Foreign Relations and 14 00:00:53,400 --> 00:00:59,600 Speaker 2: now wonderfully at Heart treat partners Doctor Edward Morris on Venezuela. 15 00:01:00,080 --> 00:01:02,800 Speaker 1: So changing getting Maduro out of that position is a 16 00:01:02,840 --> 00:01:07,080 Speaker 1: major step. And now the government is in a crisis 17 00:01:07,080 --> 00:01:10,600 Speaker 1: of survival. That survival will require them to cooperate with 18 00:01:10,680 --> 00:01:14,400 Speaker 1: the US. So the options that they have are quite limited. 19 00:01:15,120 --> 00:01:18,360 Speaker 1: Who is going to replace the US at this moment 20 00:01:18,400 --> 00:01:22,320 Speaker 1: in time? Given the US military position, the naval position, 21 00:01:22,440 --> 00:01:26,479 Speaker 1: surrounding Venezuela. The control that the US has over Venezuelan 22 00:01:26,480 --> 00:01:30,440 Speaker 1: and exports, it's not easy to imagine a replacement for that. 23 00:01:30,520 --> 00:01:33,959 Speaker 1: So the good news really is that they are cooperating 24 00:01:34,000 --> 00:01:36,200 Speaker 1: to start and we'll see how that goes, but it 25 00:01:36,240 --> 00:01:37,920 Speaker 1: will be a long road with difficulty. 26 00:01:38,200 --> 00:01:41,320 Speaker 2: Edward Morrison will continue in a moment great coverage over 27 00:01:41,319 --> 00:01:43,040 Speaker 2: the weekend. I really want to do a shout out 28 00:01:43,360 --> 00:01:47,120 Speaker 2: Nathan Hagar in Washington. He and Joe Matthew popped I 29 00:01:47,120 --> 00:01:50,520 Speaker 2: think two back to back twenty four hour days. Nathan 30 00:01:50,600 --> 00:01:53,880 Speaker 2: Hagar with a Big Take with our leadership in Mexico. 31 00:01:54,000 --> 00:01:57,760 Speaker 2: We base most of our South American coverage out of Brazil, 32 00:01:58,280 --> 00:02:01,320 Speaker 2: out of Mexico, with a dose of our Gentina, and 33 00:02:01,360 --> 00:02:04,960 Speaker 2: he has an important Big Take conversation where they're allowed 34 00:02:04,960 --> 00:02:07,760 Speaker 2: to him. People live for Nathan Hager in Big Take. 35 00:02:07,840 --> 00:02:11,639 Speaker 2: In the coming hours as well, we continue with Edward 36 00:02:11,720 --> 00:02:16,040 Speaker 2: Morris of Heartree Partners on the sludge that is Venezuelan oil. 37 00:02:16,360 --> 00:02:18,480 Speaker 1: The world is known for a long time that Venezuela 38 00:02:18,560 --> 00:02:21,280 Speaker 1: has the largest known oil reserves in the world. The 39 00:02:21,360 --> 00:02:23,520 Speaker 1: problem is it's not the kind of oil that the 40 00:02:23,560 --> 00:02:26,880 Speaker 1: rest of the world needs or wants, and the problem 41 00:02:26,919 --> 00:02:32,040 Speaker 1: is it's in Venezuela and it's complicated oil to get 42 00:02:32,040 --> 00:02:35,600 Speaker 1: out of the ground. But they've done it before, and 43 00:02:35,680 --> 00:02:38,919 Speaker 1: they've managed to go from under two million barrels a 44 00:02:39,000 --> 00:02:41,280 Speaker 1: day to three and a half billion million barrels a 45 00:02:41,360 --> 00:02:44,160 Speaker 1: day in a relatively short period of time a couple 46 00:02:44,200 --> 00:02:47,480 Speaker 1: of decades ago. So if the will is there and 47 00:02:47,520 --> 00:02:50,720 Speaker 1: the government is there to provide the guarantees, but to 48 00:02:50,800 --> 00:02:53,799 Speaker 1: do that you need the government institutions to be rewarned. 49 00:02:54,480 --> 00:02:57,120 Speaker 2: Edward Morse of Heart Tree Partners. We're going to continue 50 00:02:57,160 --> 00:03:00,359 Speaker 2: our coverage year no doubt in the coming days on 51 00:03:00,720 --> 00:03:05,679 Speaker 2: this historic moment for the Caribbean and for Latin America 52 00:03:05,720 --> 00:03:08,880 Speaker 2: and the United States as well. We're on podcasts on 53 00:03:08,960 --> 00:03:14,400 Speaker 2: Apple podcasts, on YouTube podcasts as well. That's a single 54 00:03:14,440 --> 00:03:17,720 Speaker 2: best idea