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OIL: U.S. Energy Secretary Dismissive of Tariff Impact for Energy Prices

OIL
BulletEnergy BulletsCommodities

The new U.S. administration can lower domestic energy prices by helping to lower the cost of operations according to the U.S. Energy Secretary Chris Wright speaking with CNBC.

  • On the potential impact to Canadian flows to the U.S. if 10% tariffs are enacted, Wright said “I don’t think we’re going to see that change,” “I know we have had very productive conversations with Canadian officials,”
  • Wright was non-committal when pressed on the potential for tariffs to add inflationary pressures for U.S. consumers, referring for the need to secure national security at the U.S. borders. 
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The new U.S. administration can lower domestic energy prices by helping to lower the cost of operations according to the U.S. Energy Secretary Chris Wright speaking with CNBC.

  • On the potential impact to Canadian flows to the U.S. if 10% tariffs are enacted, Wright said “I don’t think we’re going to see that change,” “I know we have had very productive conversations with Canadian officials,”
  • Wright was non-committal when pressed on the potential for tariffs to add inflationary pressures for U.S. consumers, referring for the need to secure national security at the U.S. borders.