Chris Wright

I think that this conflict will certainly come to the end in the next few weeks, could be sooner than that.

And we'll see a rebound in supplies and a pushing down of prices after that.

But yes, we were very aware, very aware that we would have short-term disruption.

We would cause a little bit of increased prices on Americans.

It'll happen relatively soon, but it can't happen now.

We're simply not ready.

All of our military assets right now are focused on destroying Iran's offensive capabilities.

We have that oil.

The world is very well supplied with oil right now.

The United States is a net oil exporter.

We're a net natural gas exporter.

We are suffering high prices, not in natural gas, but in oil because it's a globally connected market.

We're communicating with our allies abroad.

The oil is there.

You're seeing a little bit of fear premium in the marketplace, but the world is not short of oil today or natural gas.

First, we've got to get their ability to cause trouble way down.

And then as soon as it's reasonable to do it, we'll escort ships through the straits and get the energy moving again.

All right, now with a preview of the president's speech, let's bring in the Secretary of Energy, Chris Wright.

He joins us now.

Chevron's on the ground right now.