In a February interview with Bloomberg, when asked what Oil prices you are targeting as Secretary, you stated lower is better. And I take it you stand by that statement, correct? Yes. In general, Lower is better because there's far more consumers than producers. And even if that means oil company stock prices falling, I don't think American consumers should worry about the stock prices of oil, oil and gas companies. (03:23–03:27)
CLAIM
Asserts that lower oil prices are preferable due to the larger number of consumers compared to producers.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
