Senator Jeanne Shaheen Talks Greenland
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Hi, I'm Stephen Carroll. And I'm Caroline Hepka, here to introduce you to a podcast that brings you the news you need to start your day in just 15 minutes. It's called Bloomberg Daybreak Europe Edition, covering all the top stories across Europe and around the world. Each weekday morning, we're up early to bring you the latest news by 7am. We've got everything you need to know from geopolitics and global events to economics and what's moving markets. I'm covering it all from London. And I'm in the EU's capital, Brussels. We have 3,000 journalists and analysts around the world to tell you what's happening, what it means and why it matters. It's more than just business headlines. From the price of your breakfast to global shifts in power, economics and money aren't just part of the story, they're often the driving force.
So start your day with us on Bloomberg Daybreak Europe Edition for the news you need to know and the context to make sense of it. Find new episodes of Bloomberg Daybreak Europe Edition by 7am London time on Apple, Spotify or wherever you get your podcasts. Joining us now with her reaction, live from Capitol Hill, an important voice when it comes to geopolitics, Democratic Senator Jeanne Shaheen of New Hampshire is with us, the ranking member on the Senate Foreign Relations Committee, also a member of the Senate Armed Services Committee. And Senator, it's great to see you. Welcome back to Bloomberg TV and radio. I hope the year is starting out well for you. With regard to what the president is talking about here, what Marco Rubio is talking about, I know that you received a very important classified briefing earlier today from members of the administration.
Were you satisfied with what you heard as a basis to justify these actions? Well, as your reporter pointed out, there are still a lot of unanswered questions. And as I understand, our ability to control that Venezuelan oil depends a lot on the embargo and having our ships in the waters off the Venezuelan coast. Our effort to seize ships, well, I certainly think whatever we can do to shut down the shadow fleet that's allowing oil to continue to fuel Russia and China and their efforts is important. It does put at greater risk our men and women in the military. We now have 15,000 service members in the Caribbean area of operation, and it It's not clear how long they're going to be there, how long this embargo is going to continue, Venezuela, and ultimately how we're going to see a transition to a democratic government there.
Well, the U.S. Energy Secretary Christopher Wright earlier today at an energy conference put a little bit more of a finer point on what you're talking about when it comes to this leverage and using the oil embargo. Take a listen to what he had to say earlier today. If we control the flow of oil, the sales of those oil, and the flow of the cash that comes from those sales, we have large leverage. We need to have that leverage and that control of those oil sales to drive the changes that simply must happen in Venezuela. There's been talk and reporting that the sale of Venezuelan oil could go on indefinitely. That's the word that we keep hearing being used. Are lawmakers prepared to monitor that revenue?
Have there been any sorts of conversations on Capitol Hill about what that would look like in practice? No real specifics on that and again the challenge there is we can only continue to control the oil that's coming and going from Venezuela if we have twenty percent of our fleet off the coast of Venezuela if we are able to interdict Those ships that are coming and going that are part of the shadow fleet that we want to stop. And that's going to cost a lot of money. It's going to put service members, continue to mean service members are going to stay in that Caribbean area of operation. And it means that the focus is going to be on that as opposed to on operations. Health care, the millions of people in this country who are losing their health insurance because those prices, premiums are going up with the expiration of the tax credits.
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