At these levels, when can you start refilling our strategic petroleum reserve?

Oh, it'll, it'll start being refilled in the next few months.

Remember, the oil we released, none of it was sold.

It was all swapped with delivery dates and delivery amounts agreed in those contracts.

So that oil will start going in.

The oil problem is going to fade away.

The bigger problem is the refined products.

That's genius.

Just to get a lay of the land, how quickly can you start production on those 17 fields? And more broadly speaking, how quickly will we see Venezuelan production output really ramp up?

Well, several of those fields, Tyler, are already in active development today.

NABEP produces around 200,000 barrels of oil a day.

They're the second largest private producer in Venezuela.

So there's scale already in several of those fields.

A number of them haven't seen any meaningful development yet.

Some of them were at Russian partnerships or Chinese partnerships or, frankly, criminal partnerships.

Is continued U.S. investment or participation in this oil agreement conditional on any progress towards those Democratic talks? I know that talks are currently

Seither werde er gespießen durch die Gewinne aus der Öl- und Gasförderung Norwegens, erklärt Christopher Wright, der Risiko- und Nachhaltigkeitschef des Fonds.

The purpose, of course, is to save this for future generations and also to kind of hedge against the expected decline in income from oil and gas over time.

Christopher Wright erinnert sich.

When I started this work fifteen years ago, we, we thought of climate risk as a very much future risk that we had to prepare for, but it was, it wouldn't materialize until, you know, 2040, 2050.

Secretary, how much are you trying to ameliorate some of the price considerations in traditional allies of the United States, as this does potentially drag on for a longer period of time? I mean, how much is cost a big part of some of these exports?

exports?Yes, everyone understands, particularly over here in Central and Eastern Europe, people understand the existential threat from Iran.

Everybody wants to see that, that the United States successful in ending Iran's nuclear weapon ambitions.

Um, nobody likes, of course, high prices in the short term, but they understand increased American energy exports, increased energy addition policies lean in to more energy production.

That's what President Trump is all about.

We've gotta get away from those Western European policies of making, intentionally making hydrocarbons expensive, and energy subtraction policies.

The, the future of Europe, the dynamic growth of Europe is gonna be in these Central and Eastern European nations that lean into the President Trump's American agenda of more energy, more economic growth, more opportunities for citizens.

Will it be something that all of our allies in Europe can get a handle of?