This is an I-Heart podcast.

Guaranteed Human.

Welcome to The Truth with Lisa Booth, where we get to the heart of the issues that matter to you.

Today we're talking about oil.

Oil prices have been swinging wildly, and the Strait of her moves effectively closed amid the war with Iran and the global

energy markets are on the edge as a result. So we've got former U.S. Energy Secretary Dan Barrett.

He worked for President Trump during his first term and we're going to ask him to break it all down.

You know, why traders are panicking whether this $20 billion insurance backstop that President

Trump is proposing will help.

Also, Biden drained the Strategic Petroleum Reserve.

So what sort of a position is that put us in?

Are we in a dangerous position?

So we're going to talk about all of that and more oil, energy, the price of energy,

and what you should know moving forward. So straight talk from the man

who ran the energy department during a really interesting time, President Trump's first term.

So stay tuned. Well, great to have you on the show. We've got the former energy secretary

Dan Brouette. Thank you for making the time, sir.

Well, thank you, Lisa.

Great to be with you.

There's a lot going on in the world right now when it comes to energy and oil.

We have seen a lot of volatility in the market as well as a result of what's the war in Iran.

What are traders most worried about right now, sir? What's driving sort of these huge swings and oil prices that we've seen? Well, you know, it's trying to price risk. That's what

...