One-on-One With Energy Secretary Chris Wright

Summary

US Energy Secretary Chris Wright joins Bloomberg to discuss the Trump administration's plan to work with major oil companies in Venezuela. He says Chevron is already on the ground as the largest producer and could grow output by 50% in 18 to 24 months, with potential for $100 billion in investment over a decade. Wright says there are no US financial incentives or plans for US ground troops, and he argues that more Venezuelan oil would not slow nuclear expansion because the world needs more energy of all kinds.

• Chris Wright outlines US-Venezuela oil partnership and investment potential.
• Chevron is the largest current producer and could grow output 50% in 18-24 months.
• Wright sees potential for $100 billion of investment over ten years and production growth by summer.
• No US financial incentives or ground troops are planned; focus is blockade and economic stabilization.
• Short-term priority is stabilizing Venezuela's economy and bolivar before resolving debt claims.
• Wright says nuclear expansion will not be slowed by more oil; world needs oil, gas, nuclear, and geothermal.
• He frames the administration as pro-energy and supportive of all energy sources.