Energy Secretary: US Will Remain Energy Independent After Coronavirus

US Energy Secretary Dan Brouillette assured the public Monday that the country will remain energy independent after the coronavirus pandemic passes, he said during an interview with Fox Business host Stuart Varney on Monday.

“I have to remind you and the viewers we are in fact in a different position than we were just 10 or 15, 20 years ago, certainly. Imagine if this pandemic had happened in 1973 or in 1974 when we were wholly dependent upon nations for the importation of oil,” Brouillette explained.

He added, “The fact that we are able to produce the amounts that we are able to produce today, place the United States of America, place this President at a position of strength in order to bring this deal together.”

The Organization of Petroleum Exporting Countries member countries reached a deal over the weekend to cut oil production to nearly 10 million barrels per day in response to low demand amid the coronavirus global economic crisis. However, Brouillette said the cutback is “only half the story” siding with President Donald Trump who earlier tweeted that OPEC+ is cutting “20 million barrels a day, not the 10 Million that is generally being reported.”

“There are over 100 countries that produce oil all around the world and what we will see is production declining over the next few months as the world deals with this COVID-19 pandemic. So when you add up all of the production cuts around the world, we’re gonna be much closer to 20 million barrels per day coming off the market, which represents roughly 20 percent of the production just a month or a month and a half ago,” the Secretary said.