Sabri Beneshour

He's executive director at the Energy Institute at Haas at University of California, Berkeley.

Welcome.

Thank you.

So President Trump declared that the U.S.

would control indefinitely Venezuela's oil production.

What would that actually mean, given the current market environment for oil?

Yeah.

I mean, in one post to social media, the president said a big factor in the U.S.

involvement in Venezuela is the, quote, reduction of oil prices for the American people.

Would that actually lower gas prices for people?

The president met with oil executives last week, ExxonMobil, ConocoPhillips.

They have outstanding debts in Venezuela.

At least one of the CEOs called Venezuela uninvestable.

What would make Venezuela a profitable investment?

What would make it investable?

President Trump said that Venezuela and the unlocking of its oil would create massive wealth, lower taxes, and create a lot of jobs for Americans and Venezuelans.

What do you make of that?

Andrew Campbell is Executive Director at the Energy Institute at Haas.

Thank you so much.

In New York, I'm Sabri Beneshour with the Marketplace Morning Report.