Thu, Apr 16

NEWS: Secs. Chris Wright and Doug Burgum want oil CEOs to keep on drilling.

  • Energy Sec. Wright and Interior Sec. Burgum convened a call Thursday with CEOs from Exxon, Chevron, Occidental, Continental, and others urging them to drill more to bring prices down. The industry response? Producers have so far resisted, citing price volatility.

  • During a House budget hearing the day before, Wright said the DOE had considered an Iran conflict’s impacts on energy since he took his seat. He also claimed prices aren’t that high, all things considered (meanwhile, gas is above $4/gal, and crude oil remains above $90/barrel). Also during the hearing: He acknowledged “mistakes” in DOE award terminations, offered moderate support for solar, and cheered on permitting reform.

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