Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Badar Shaikh

Trump Energy Secretary Chris Wright Says Clean Energy Policies Are ‘At Least as Responsible’ for High Prices as Iran War—Touts Texas Oil Boom

United States President Donald Trump meets with Israeli Prime Minister Benjamin Netanyahu in the White House

President Donald Trump‘s Energy Secretary, Chris Wright, says former President Joe Biden-era Clean Energy policies also share some blame for the high fuel prices at the pump amid ongoing tensions with Iran.

Biden-Era Clean Energy Policies Causing High Gas Prices

Wright, during an interview with Fox News on Monday, reaffirmed that the U.S. military was escorting ships through the Strait of Hormuz and that the estimates did not reflect the actual movement of oil through the waterway. He said that 30 ships passed through the waterway.

Read Also: Trump Says US Has ‘Total Control’ of Strait of Hormuz, Iran’s PGSA Says Waterway Remains 'Blocked'

The Energy Secretary then pointed to the price of oil was “far higher during the Biden administration when there wasn’t disruption of [oil] flow in the Middle East.” He also blamed “Democratic policies” as a reason behind high energy costs at the state and Federal level.

“Electricity prices are more than 40% higher” in Democrat states, adding that fuel costs were also 40 to 50 cents per gallon higher in Democrat-run states due to Clean Energy policies. “Foolish green energy policies are at least as responsible for the high energy prices as the conflict with Iran,” he said.

Chris Wright Touts More Oil Production

Meanwhile, Trump’s Rapid Response handle on X touted an increase in oil production, sharing a video of Wright from Texas’s Permian Basin. “We can produce more oil and gas at less cost than we could ever before,” Wright said. He added that oil production has “quadrupled” in the Permian Basin and “natural gas production has grown seven-fold.”

Chuck Schumer Slams Trump

Senate Minority Leader Sen. Chuck Schumer (D-NY) slammed Trump as tensions continue to escalate with Iran after the deadline to reach a deal between the two parties expired. “Trump’s memorandum of misunderstanding with Iran has been an utter failure and complete flop,” Schumer said.

Meanwhile, Trump says he would not apologize for $4/gallon gas in the U.S., saying that higher prices were “ok” since the U.S. was pursuing Iran’s denuclearization.

Read Also: Trump Rejects Iran Ceasefire Extension as Tehran Threatens ‘Fully Offensive’ Posture: Brent Trades At $91

Check out more of Benzinga’s Future Of Mobility coverage by following this link.

Photo courtesy: Shutterstock

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.