America the bully becomes the supreme petrostate
Zero: The Climate Race
Bloomberg
4.8 • 296 Ratings
🗓️ 8 January 2026
⏱️ 40 minutes
🧾️ Download transcript
Summary
President Donald Trump wants US companies to rebuild Venezuela's oil fields after the capture of Nicolas Maduro.
This week on Zero, US Senator Sheldon Whitehouse joins Akshat Rathi to discuss why the US is acting like a petro bully, how countries can resist an increasingly aggressive Trump administration and why Democrats are making a mistake by shying away from talking about climate action.
Read more:
- Venezuela’s New Leader Is the Oil Industry’s Long-Time Ally
- Venezuela’s Rule by Fear Endures After Maduro Capture: Photos - Bloomberg
Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to Jennifer Dlouhy, Sommer Saadi, Mohsis Andam, Sharon Chen and Laura Millan. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.
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Transcript
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| 0:00.0 | Welcome to Zero. I am Akshutrati. |
| 0:03.0 | This week, America, the Petro Bulley. |
| 0:18.4 | In 2025, there was a growing chorus of voices saying that the U.S. was acting like a petro state. |
| 0:25.8 | In the opening days of 26, that has become undeniable. |
| 0:30.8 | Over the weekend, President Donald Trump authorized the capture and extraction of Venezuelan |
| 0:35.7 | President Nicolas Maduro from the country's capital, |
| 0:38.8 | Caracas. And in the press conference discussing the reasons for the action, Trump said |
| 0:43.8 | one of America's main priorities in Venezuela was to get access to its vast oil reserves, |
| 0:50.3 | the largest in the world. |
| 0:52.3 | We're going to have our very large United States oil companies the biggest anywhere in the world. |
| 1:00.0 | Go in, spend billions of dollars, fix the badly broken infrastructure, the oil infrastructure, |
| 1:07.0 | and start making money for the country. If there was any doubt that America is doubling down on oil, that doubt is now gone. |
| 1:15.6 | We built Venezuela oil industry with American talent, drive and skill, |
| 1:21.6 | and the socialist regime stole it from us during those previous administrations and they stole it through force. |
| 1:30.3 | This constituted one of the largest thefts of American property in the history of our country. |
| 1:36.3 | Back in November at COP 30 in Brazil, I was able to sit down with the US Senator Sheldon White House |
| 1:43.3 | to ask how countries can |
| 1:44.8 | stand up to America, the Petro Bulley. White House has been the senator of the state of Rhode |
| 1:50.0 | Island since 2007 and he has been an outspoken advocate for climate action. On that front, he's |
| 1:56.9 | been critical of both the Trump administration and Joe Biden's administration before that. |
| 2:02.5 | In this conversation, we didn't talk about Venezuela, but you'll see how clearly he connects the dots |
| 2:08.6 | to explain why the U.S. is taking these kinds of actions. |
... |
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