US Energy Secretary Wright: Oil prices are high

The comment is notable less for the price observation than for the supply-side logic behind it: the administration's energy chief is framing elevated crude as self-correcting, with supply already expanding. That framing matters for anyone tracking how policy rhetoric aligns with actual production data, and it implicitly pushes back on calls for intervention. The absence of figures or a timeline leaves the claim untested, so the open question is whether the supply growth Wright cites shows up in official inventories and output reports in the weeks ahead.