Trump Appoints Fracking Advocate Chris Wright as Energy Secretary

President-elect Donald Trump has appointed Chris Wright, a strong advocate of fracking, as the Secretary of Energy, aiming to boost US oil production and lower gas prices. However, experts suggest that increasing production may not significantly reduce gas prices due to existing high output levels and global market dynamics. The US already leads in oil production, and further increases could trigger OPEC to adjust its output, potentially leading to economic challenges for US producers. Additionally, global demand for oil is slowing, influenced by economic factors and clean energy initiatives.