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Howard Lutnick: “The President has 1.4 billion barrels of oil on the water.”

Featuring: Howard Lutnick, Secretary of Commerce | National

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Secretary Lutnick: These are the 'best hands' to leave national security in

Published | Video Starts at 00:25

… done and there were two nights of attacks, that this may be a longer, prolonged situation? Well, the President knows how to play his hand better than anybody else in The President has 1.4 billion barrels of oil on the water. So he knows the price of oil is going to stay low. He knows it's going to stay low. So he has the ability to make the moves he wants to make. (00:25–00:29)

CLAIM

Asserts that the President has control over 1.4 billion barrels of oil currently being transported.

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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