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Chris Wright: “The spillover impacts will be enormous in the electricity…”

Featuring: Chris Wright, Republican | Secretary of Energy | National

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BREAKING: Reporters Grill Chris Wright, Venezuelan President Rodríguez On U.S.-Venezuela Oil Deal

Published | Video Starts at 09:03

The deals that were signed earlier today, particularly three with very large multinational corporations of Chevron, ENI and General Electric, will represent tens of billions of dollars of investment into the Venezuelan economy. That's direct investment. But The spillover impacts will be enormous in the electricity grid, in oil and gas production, and in the economy as a whole. General Electric representaran Lesena de Villones de Dolaris para Venezuela. Electrico Nacional en Industria Petrolera y Gacifera e in Total industrial. (09:03–09:21)

CLAIM

Asserts that the investments will have significant impacts on Venezuela's electricity grid, oil and gas production, and overall economy.

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