Secretary Wright Joins Fox Business' The Claman Countdown – November 10, 2026

The Energy Department has just announced a $480 million loan to boost America's oil and natural gas production in the Gulf region, which includes modernizing 22 offshore oil platforms off the coast of Louisiana. Fox News' Brooke Taylor is live in New Orleans, where she just joined Energy Secretary Chris Wright for an exclusive tour of one of these offshore oil rigs. Brooke, I can't wait to see. Hi, Liz. Yeah, it was definitely exciting. This is all part of President Trump's drill baby drill agenda. We got this exclusive firsthand look at how the administration plans to produce more American oil and gas. Check out this incredible video we just got back from this helicopter tour miles off the Louisiana coast here with Energy Secretary Chris Wright touring one of those 22 offshore oil and gas platforms. Part of this project, the Energy Department backing a $480 million plan to modernize these oil rigs and increase American oil and natural gas production. The Energy Department says this project eventually could add nearly 39,000 barrels of oil a day to U.S. production. And with the war in Iran disrupting global energy supplies, the administration says producing more oil here at home is more important than ever. This is President Trump's agenda. Drill, baby, drill. This is an area where there's still a lot of oil and gas left, but it had become unfeasible to produce here. You couldn't get leases from the federal government. Will this have any impact on gas prices? It will, absolutely. As this production comes on, it brings more oil into American refineries. That pushes down the price of oil, which lowers gasoline prices, lowers diesel prices, lowers jet fuel prices. Anne Wright tells me that additional oil production could start as soon as later this year. Meanwhile, this project expected to add about 2,800 new jobs, Liz.