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Brouillette: Venezuelan Oil Won't Lower Gas Prices Immediately

Dan Brouillette, former Energy Secretary during President Trump's first term, says additional Venezuelan oil will not lower US gas prices in the near term, arguing that the US needs more refining and pipeline capacity. Brouillette says he would not recommend investing in Venezuela at the moment and that companies need more certainty and details before committing significant capital. He speaks with Kailey Leinz and Joe Mathieu on the late edition of Bloomberg’s "Balance of Power." (Source: Bloom…

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BloombergLean L·1h ago
Brouillette: Venezuelan Oil Won't Lower Gas Prices Immediately
Dan Brouillette, former Energy Secretary during President Trump's first term, says additional Venezuelan oil will not lower US gas prices in the near term, arguing that the US needs more refining and pipeline capacity. Brouillette says he would not recommend investing in Venezuela at the moment and that companies need more certainty and details before committing significant capital. He speaks with Kailey Leinz and Joe Mathieu on the late edition of Bloomberg’s "Balance of Power." (Source: Bloom…
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Brouillette: Venezuelan Oil Won't Lower Gas Prices Immediately

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