It's Jim Kramer here. You're listening to the opening bell of CBC's Squawk on the Street.

Don't miss a minute of the action. Good Monday morning. Welcome to Squawk on the Street. I'm Carl Kintanier with Jim Kramer, David Faber at Post 9 of the New York Stock Exchange. We kick off the first full week of trading of the year. Futures, as you can see, pretty steady. market gets its first chance to react to the U.S. strike on Venezuela. Congress returns to work.

CES kicks off. as you can see pretty steady. Market gets its first chance to react to the U.S. strike on Venezuela.

Congress returns to work. CES kicks off. Oil is up about 1%. Our roadmap begins with a fallout

from the president's military intervention in Venezuela, gold, Bitcoin oil companies rallying in early

trade. The price of crude is also edging higher as Nicholas Maduro's removal casts

uncertainty over Venezuela's massive oil reserves. We're going to discuss where prices may go from here.

And CNBC's parent company, Versant Media, set to begin trading as a new independent media company

today. This, of course, after being spun off from our longtime parent Comcast.

Bye-bye, Comcast.

Let's begin, though, with these U.S. strikes on Venezuela over the weekend, which resulted

in the capture of that country's president, Nicholas Maduro, and puts the oil markets

and center stage.

Today, Maduro was brought to Manhattan in handcuffs

by DEA agents ahead of the federal court hearing later today. He is facing narco-terrorism,

conspiracy, cocaine importation, conspiracy, and weapons charges. So much already written over the

weekend, Jim, about what this means for risk, for foreign policy, for commodities? Right. Well, I think that the commodities are taking action immediately, but it's not oil. Oil's kind of trying to figure what to do. I do think that we have to look at the fact that we do not want to immediately jump the conclusion that we're going to untapped all those reserves. And the reserves happen to be, as they call VIN. They've been, you know, they're Venn heavy crew, which can be refined in the U.S. and refined in China. Largely heavy crude. Right. And you could say, not all, I'm told. But you could say, look, Chevron has a toehold in there. They get 100,000 barrels per day.

But I think that Chevron was up 12 at one point.

I think that you can get excited about these things. The only guys who are really going to make some money, I think, would be Halliburton, because you've got to rebuild everything. Everything. Everything. People don't recognize that you have to rebuild. And what's really, yeah, I was able to have a conversation with somebody who was in the country around two years ago.

There was a brief period, if you guys recall, where... you have to rebuild. And what, what's really, yeah, I was able to have a conversation with somebody

who was in the country around two years ago. There was a brief period, if you guys recall,

where sanctions came off as a result of the hopes that they would hold a fair election,

...