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Markwayne Mullin: “Most these oil companies... need to be, to actually be…”

Featuring: Markwayne Mullin, Republican | U.S. Senate, Oklahoma

SEN MULLIN: 'This is what we're doing to make Venezuela investable.' | Squawk Box

Published January 13, 2026 | Video Starts at 04:46

… a lot of other Americans who are trying to do the work right here in America where it could get a lot more complicated. Yeah. And if you talk to Most these oil companies... need to be, to actually be profitable [at] between 60 and $70 a barrel. However, if we can bring stability in the regulatory environment, bring down the regulatory cost of entry into drilling and delivering the product to the market, that price can easily slip from $60, let's say on the low end, down to $45. (04:46–04:53)

CLAIM

Asserts oil companies need oil prices between $60 and $70 per barrel to be profitable.

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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Markwayne Mullin

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“President Trump is going to have U.S. investors back going into Venezuela.”
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SEN MULLIN: 'This is what we're doing to make Venezuela investable.' | Squawk Box | Uploaded January 13, 2026 | 05:40-05:46
“We didn't invade Venezuela. We removed an indicted dictator that was ruining the country and it was a drug lord.”
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