PolitiQuote

Discover video-sourced quotes by politicians

Howard Lutnick: “We have more oil and more capacity than Saudi Arabia.”

Featuring: Howard Lutnick, Secretary of Commerce | National

Watch on YouTube

Howard Lutnick on CNBC - Donald Trump Transition and Policy

Published | Video Starts at 06:32

They pull in their horns when prices don't warrant a lot of excess. A lot, a lot more drilling. We have the same or more. We have more oil and more capacity than Saudi Arabia. You would never know it. Because what we do is we constrain our drilling even though we're. Even though it's up at record levels. (06:32–06:36)

CLAIM

Asserts that the U.S. has more oil and capacity than Saudi Arabia.

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.


Howard Lutnick

Discover more from

Howard Lutnick

Report A Transcription Error

Please report any error in the automated transcription.

About PolitiQuote

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.

PolitiQuote is a service of Gigafact Foundation, a nonpartisan nonprofit advancing facts and information transparency, community by community.

Visit gigafact.org to learn more.