what have these companies been doing, valero, and major u.s. refiners, to hedge or have they? >> they've been taking less and less venezuelan crude. to a certain extent, they have no choice. venezuelan production has been dropping. there are other adult -- other alternatives, from canada or other places, that could work for these refineries so they have been moving. venezuela is still a big supplier. they've also been lobbying in washington to say, sanctions may not be the best answer. venezuela would still be able to sell crude in other parts of the world and you would have this effect in the u.s. -- they are pressuring you trump administration to be cautious about its next steps. oliver: up next why president trump is looking quite unprepared to deal with special counsel robert mueller. this is bloomberg businessweek. ♪ ♪ oliver: welcome back to bloomberg businessweek. i'm oliver renick. you can catch us on the radio at sirius xm radio. and london, and asia. in the politics section, as president trump fails to put together a legal team, we talk more. >> right now their l

what have these companies been doing, valero and major u.s. refiners, to hedge? >> as you have said, they have been taking less and less venezuelan crude. to a certain extent, they have no choice. venezuelan production is dropping. there are other alternatives, canada or mexico. they produce heavier crude that could work for these refineries. they have been moving. venezuela, still a big supplier for them. they have also been lobbying in washington to say, sanctions may not be the best answer. venezuela would still be able to sell is crude and other parts of the world. and you would have this lock on us here in the u.s.. they are cautioning the trump administration to be cautious. oliver: up next, why president trump is looking unprepared to deal with the special counsel. this is "bloomberg businessweek." ♪ ♪ oliver: welcome back to "bloomberg businessweek.". i am oliver renick. you can also give us on sirius fm and in boston. -- catch us on sirius fm and in boston. and in london and in asia on the bloomberg radio plus app. in the politics section, as preside