WEBVTT - Single Best Idea with Tom Keene: Edward Morse

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>Single best idea and the single best idea is when

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<v Speaker 2>you get off the plane, it is nice to come

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<v Speaker 2>back to America. Spend a nice amount of time in Paris,

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<v Speaker 2>and to come back to America always is exceptional. Of course,

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<v Speaker 2>what I came back to was a true original crisis.

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<v Speaker 2>What we did on Saturday, on Sunday and in the

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<v Speaker 2>early early Monday morning is find great voices. We hope

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<v Speaker 2>to have some of those on in the coming days.

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<v Speaker 2>We're very lucky this morning to have Edward Morse with this.

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<v Speaker 2>You know, I kid him, he's well preserved at seventy nine.

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<v Speaker 2>Well it's a few years. I'm beyond that iconic at

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<v Speaker 2>City group, definitive at the consul and Foreign Relations and

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<v Speaker 2>now wonderfully at Heart treat partners Doctor Edward Morris on Venezuela.

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<v Speaker 1>So changing getting Maduro out of that position is a

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<v Speaker 1>major step. And now the government is in a crisis

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<v Speaker 1>of survival. That survival will require them to cooperate with

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<v Speaker 1>the US. So the options that they have are quite limited.

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<v Speaker 1>Who is going to replace the US at this moment

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<v Speaker 1>in time? Given the US military position, the naval position,

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<v Speaker 1>surrounding Venezuela. The control that the US has over Venezuelan

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<v Speaker 1>and exports, it's not easy to imagine a replacement for that.

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<v Speaker 1>So the good news really is that they are cooperating

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<v Speaker 1>to start and we'll see how that goes, but it

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<v Speaker 1>will be a long road with difficulty.

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<v Speaker 2>Edward Morrison will continue in a moment great coverage over

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<v Speaker 2>the weekend. I really want to do a shout out

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<v Speaker 2>Nathan Hagar in Washington. He and Joe Matthew popped I

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<v Speaker 2>think two back to back twenty four hour days. Nathan

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<v Speaker 2>Hagar with a Big Take with our leadership in Mexico.

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<v Speaker 2>We base most of our South American coverage out of Brazil,

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<v Speaker 2>out of Mexico, with a dose of our Gentina, and

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<v Speaker 2>he has an important Big Take conversation where they're allowed

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<v Speaker 2>to him. People live for Nathan Hager in Big Take.

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<v Speaker 2>In the coming hours as well, we continue with Edward

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<v Speaker 2>Morris of Heartree Partners on the sludge that is Venezuelan oil.

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<v Speaker 1>The world is known for a long time that Venezuela

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<v Speaker 1>has the largest known oil reserves in the world. The

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<v Speaker 1>problem is it's not the kind of oil that the

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<v Speaker 1>rest of the world needs or wants, and the problem

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<v Speaker 1>is it's in Venezuela and it's complicated oil to get

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<v Speaker 1>out of the ground. But they've done it before, and

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<v Speaker 1>they've managed to go from under two million barrels a

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<v Speaker 1>day to three and a half billion million barrels a

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<v Speaker 1>day in a relatively short period of time a couple

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<v Speaker 1>of decades ago. So if the will is there and

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<v Speaker 1>the government is there to provide the guarantees, but to

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<v Speaker 1>do that you need the government institutions to be rewarned.

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<v Speaker 2>Edward Morse of Heart Tree Partners. We're going to continue

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<v Speaker 2>our coverage year no doubt in the coming days on

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<v Speaker 2>this historic moment for the Caribbean and for Latin America

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<v Speaker 2>and the United States as well. We're on podcasts on

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<v Speaker 2>Apple podcasts, on YouTube podcasts as well. That's a single

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<v Speaker 2>best idea