US Energy Secretary Wright says diesel export ban 'definitely doesn't work'
XLE•Wright praises Venezuela policy
Wright praised Trump's policy in Venezuela where the US is urging companies to expand production and return to operations there after US special forces in January captured the South American country's leader, Nicolas Maduro, and left his deputy Delcy Rodriguez in charge.
"A number of companies have already gone into Venezuela, but a larger U.S. presence in a country for sure is a little bit of increased security," Wright said.
Wright says diesel export ban would backfire
US Energy Secretary Chris Wright on Wednesday said a US ban on diesel exports would not work and could push up gasoline and jet fuel prices, putting him at odds with President Donald Trump, who is backing the idea.
Diesel prices have surged to record highs due to the US-Israeli war with Iran and the conflict in Ukraine, angering farmers and other users of the fuel ahead of the midterm elections in November that will decide control of Congress.
