Scott Bessent: ‘Natural Gas Is Down...Oil Will Be Lower than Pre-Conflict Levels’

EXCERPT:

BESSENT: “We’ve had sustained and resilient GDP growth. Real GDP has risen 2.6 percent over the past four quarters. Atlanta Fed’s GDP now predicts 3.8 percent for this quarter, second quarter. The U.S. energy dominance, part of our resilience stems from our energy dominance. Natural gas is down, is my belief, and the Futures market is showing us oil will be lower than pre-conflict levels. We are more resilient to energy price fluctuations due to President Trump’s energy dominance and deregulatory agenda. the United States is now the world’s largest energy exporter. the United States has never exported so much energy or produced so much energy.”