Sec. Scott Bessent: Once We’re on the Other Side of This Energy Supply Shock, I Believe That Oil Prices Will Be Much Lower

‘We’re going to get to the other side of this’

EXCERPT:

BESSENT: “Lowest in five years. So, that tells me once we are on the other side of this energy supply shock, and as the president said in the video, that I actually believe, along with him, that oil prices will be much lower because we’ve seen a tremendous amount of supply come on in the — just in this year.”

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Sec. Scott Bessent: Once We’re on the Other Side of This Energy Supply Shock, I Believe That Oil Prices Will Be Much Lower