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Wright on Kudlow: Gas Below $3, Gulf of America Production Rising, 'Peak Climate Crazy' Passed, Dec. 1, 2025

December 1, 2025 · U.S. Department of Energy · 0:05:46

Embedded from the source channel — never re-uploaded. Watch on YouTube

What happened

Energy Secretary Chris Wright told Fox Business host Larry Kudlow that, going into the holiday season, gasoline prices below $3 a gallon mean families keep more money each week for presents and bills, which he attributed to a president focused on the American consumer rather than special interests, according to Wright.

On expanding production, Wright said lease sales and regulatory changes in the Gulf of America are already making it cheaper, easier, and safer to operate, and that increasing production will be seen there in the next 6 to 12 months, according to the interview. He said U.S. oil production as a whole is almost a million barrels a day higher than 12 months earlier, even with low oil prices, according to Wright.

Discussing the just-ended UN climate summit in Brazil, which Kudlow called a failure, Wright said he believes the world has seen, in his phrase, peak climate crazy, according to the interview. The discussion also covered California, where Wright said gasoline prices over 50 percent higher than the national average are political choices to make energy expensive, not unfortunate facts, according to his remarks.

Why it matters

The interview ties the administration’s energy case together in the secretary’s words: pump prices as household relief, a dated expectation for Gulf production growth, and a claim that global climate politics is receding.

Scoreboard watch

Scoreboard candidate: Wright stated on December 1, 2025 that Gulf of America production increases would be seen in the next 6 to 12 months and that overall U.S. oil production was almost a million barrels a day higher than a year earlier. Flagged for the scoreboard editor; no verdict is entered here.

Sources: U.S. Department of Energy, “Secretary Wright Joins Fox Business’ Larry Kudlow — December 1, 2025”, 2025-12-01 (official upload, embedded above; published 2025-12-01). Transcript via Supadata (private research store, paraphrased and attributed, not republished). All figures and characterizations as stated by the speakers.