Could Operation in Venezuela Impact Gas Prices?

Jill on Money with Jill Schlesinger

Audacy

Education, Investing, Business, Self-improvement

4.6 • 1.9K Ratings

🗓️ 6 January 2026

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Trump claims Venezuela's oil industry will make more money with the U.S. behind it. Venezuela is estimated to have 303 billion barrels of crude oil still in the ground, which is about 20% of the world's reserves. I joined CBS Mornings to explain how it could impact U.S. prices.

Transcript

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0:00.0	Welcome to the Jill on Money Show.
0:05.6	It's Tuesday, January 6th, and we're here back in your headphones, live and excited post-vacation.
0:15.5	I'm Jill Schlesinger, your hostess, and I'm joined by my compatriot, Mark Talercio, the best executive producer in the world.
0:23.6	Hey, Mark, happy New Year.
0:26.2	Happy New Year, Jill, as we roll into year number 16.
0:30.4	Unbelievable.
0:31.3	Okay, just let me catch you up on what has been going on.
0:35.4	When we last spoke to you, Mark and I were very excited to
0:40.1	see one another because we were going to have a little holiday breakfast, which we had on Friday,
0:46.3	December 19th. Now, what happened right after that is both Mark and I are like, oh, I don't feel
0:53.9	well. We spoke, I think we got together, Mark, on that Monday, the 22nd. And I said to you, man, I feel like crap. And you said what? I'm not feeling so hot either. What did I say? Yes. You're like, I don't really feel well either. And so you attributed this to us schlepping around New York City in the pouring rain that day, right?
1:13.6	It was a monsoon. My feet were soaking wet. My pants were soaking wet. Yeah. And you went back and
1:19.1	forth between Brooklyn and Manhattan a couple times and you went to the doctor. What happened when you went to the doctor appointment?
1:25.2	That was all good. All good. All clear. All right. So there's that. Okay. Then both of us persistent had like illness throughout the holidays.
1:34.5	We exchanged little like, hi, how are you? I entertained 10 people on Christmas Day. Not feeling great.
1:40.2	I don't feel good. And now as I record this, today we're talking on Monday, the January 5th. So we are
1:48.3	recording this. And Mark, how do you feel? Definitely better, but also definitely not 100%. Exactly. Me too.
1:56.8	Which is insanity. So I said to Mark, I think we both had the flu or we both had a really bad cold, but there's a lot going on in New York City.
2:05.8	We evidently are ground zero of like everyone being sick.
2:09.7	So all that being said, I'd like to just say, everyone, I hope you're healthy and well.
2:16.4	Happy New Year.
2:21.1	And the other little extra cherry on top is that when Mark and I were, you know, we're talking about like getting back into the swing of things,
	...

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