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Chris Wright: “We're bringing a barrel out today to get one and a quarter…”

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

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Secretary Wright Joins Fox Business - July 7, 2026

Published | Video Starts at 01:49

That'll, that'll happen over the next 24 months. You know, as we're releasing this oil right now because of these flows, we're not selling any of these barrels. We're trading them. We, We're bringing a barrel out today to get one and a quarter barrels back next year sometime. So ultimately, we'll have 30 to 40 million barrels of oil additional in the spro than when we started these releases. (01:49–01:56)

CLAIM

Asserts that the U.S. is trading oil at a rate of one barrel for 1.25 barrels in the future.

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.


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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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