BusinessQuiet 93d · day 94
Trump Energy Secretary's Hormuz Oil Export Claims Draw Industry Skepticism
Chris Wright claims a record oil day, but industry experts say the numbers don't hold up and gas prices remain high.
What to know
- Energy Secretary Chris Wright claims oil exports from the Middle East in one day exceeded pre-war volumes, but industry analysts dispute the figures.
- Obsidian Risk Advisors' B Erickson says he and industry contacts cannot find evidence supporting Wright's higher export estimates.
- Despite the administration's export claims, gas prices remain elevated, undercutting the narrative of improved energy supply.
“couldn't find a 'modicum of evidence' for Wright's higher estimates”
B Erickson, Managing principal, Obsidian Risk Advisors · Mastodon/Reason · Aug 11
Chris Wright Energy SecretaryB Erickson Managing principal, Obsidian Risk Advisors
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