07 MAY 2026: U.S. Oil Companies Drill Baby Drill! // 48 Hours To Save the World // Dem Extremists: Updates From DC, NY & Virginia // Obama Throws Stones in Glass House // Immigration Shockers // Medical News!
The Wright Report
Bryan Dean Wright
4.9 • 2K Ratings
🗓️ 7 May 2026
⏱️ 35 minutes
🧾️ Download transcript
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| 0:00.0 | It's May 7th. I'm Brian Dean Wright, former CIA operations officer, and this is The Wright Report. |
| 0:08.0 | Hey, good day to you, ladies and gentlemen. Welcome to The Right Report, Your Daily News, podcast. |
| 0:22.0 | It is a Thursday headline brief, heavy on news, lighter on analysis this morning, |
| 0:26.7 | launching us towards the end of the work week with events that as ever are shaping America and the world. |
| 0:33.0 | We begin with domestic news this morning, starting with good news, at least on the horizon, |
| 0:39.0 | for your pocketbooks. Bloomberg is reporting that the U.S. shale patch is finally responding to |
| 0:44.2 | President Trump's call to drill baby drill across the Permian Basin of Texas and New Mexico. |
| 0:49.1 | A company called Diamondback Energy expects drillers like them to add as many as 30 rigs in the short term |
| 0:55.8 | that equates to about a 10% jump in activity. |
| 0:59.0 | Analysts say that this news means that a regional oil switch, as it were, has now been |
| 1:04.0 | flipped from more off to on with U.S. oil and gas industry companies deciding that now is |
| 1:10.0 | the time to increase production. |
| 1:12.4 | Meanwhile, Reuters News Service reports that President Trump just met with Chevron and ExxonMobil executives |
| 1:17.9 | to get them to boost production and exploration in Venezuela, which of course produces a type of heavier sour oil that many U.S. |
| 1:25.3 | refineries are built the process. So in all, this is good news |
| 1:29.4 | for energy production and eventually your pocketbooks, at least in the medium to long term, |
| 1:34.8 | more oil and gas will lead to lower prices at the pump and beyond, but not for a while. |
| 1:40.8 | As Fortune, Barron's and Newsweek magazine all report, the world is still going to be short |
| 1:45.7 | of oil and will be through the summer, with the war in Iran still locking down the Strait of |
| 1:50.8 | Hormuz. That means that we are going to have a pretty bumpy ride at the gas pump for months to |
| 1:55.4 | come with global jet fuel supplies, especially running tight. So you should expect to then see this reflected in your plane ticket prices throughout |
| 2:03.6 | the summer, even if we get to a deal between the U.S. and Iran. |
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