Asks if US is close to a deal with Iran and who to negotiate with, given impact on energy prices.
Brian Sullivan
Chris Wright
Military campaign is eliminating Iran's power projection; conflict aims to remove major threat. Open to negotiations if better path exists.
Questions who to negotiate with in Iran given leadership turnover, impacting energy price outcome.
Brian Sullivan
Chris Wright
Will learn through dialogue who is in power; legitimate interest exists to reach a resolution.
Asks for oil price scenarios given United Airlines CEO mentioned $175 possibility.
Brian Sullivan
Chris Wright
$175 scenario highly unlikely; US entered conflict with massive production, Saudi pre-positioned 100M barrels overseas.
Asks about Trump's suggestion of US-Iran joint control of Strait of Hormuz.
Sarah Eisen
Chris Wright
Early negotiations; world cannot accept Iran controlling strait; need free flow assurance.
Asks about SPR functionality and potential for another release.
Brian Sullivan
Chris Wright
Another release highly unlikely; current administration trading barrels for future return, not selling.
Asks message to American people on high gasoline prices and actions to lower them.
Brian Sullivan
Chris Wright
Working on refinery efficiencies; short-term disruption for long-term benefit of removing Iranian threat.
Asks if asking oil producers to increase production.
Brian Sullivan
Chris Wright
Industry is patriotic and cooperating: refineries running higher, Chevron increased Venezuela production.
Asks about Venezuela production and potential diesel export limits.
Brian Sullivan
Chris Wright
Venezuela production up 20% to 1.2M bpd; blocking exports counterproductive; have ideas to bring extra diesel to market.
Asks about Qatar LNG plant offline impact on Exxon's Golden Pass.
Brian Sullivan
Chris Wright
Golden Pass operational soon; US LNG growth will fill gap; contrasts with Biden's pause on LNG exports.