Trump Administration Taps Global Oil Reserves And U.S. Production To Steady Markets
By: Anthony Iafrate | The Daily Signal
THE DAILY CALLER NEWS FOUNDATION—Secretary of Energy Chris Wright stated during a “Meet The Press” interview Sunday that the U.S. is taking several actions—including increasing oil production in deep blue California—to mitigate rising fuel costs due to the conflict in Iran.
After the military strikes of Operation Epic Fury began Feb. 28, Iran sought to block U.S. transport vessels from passing though the Strait of Hormuz, the waterway separating the country from the Gulf States through which an estimated 20% of the world’s oil demand usually flows. The reduction in shipping volume has led to the surge of oil prices in the following weeks.
“We have done many, many act...










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