Doug Burgum

We're questioning whether we had an energy emergency, but as you've just described, we have a huge one relative to our grid, grid stability. We don't have enough power to win the AI arms race. And the AI arms race means without that, we lose the defense battle. Because it's not just robotics in manufacturing,

you know, if we're going to have a golden dome, if we're going to have any ability to defend ourselves from hypersonics or, you know, protect our fleet around the ocean, not to have them all wiped out in the first hour of a conflict, we have to have AI both targeting and a defense standpoint. So you can't separate defense from AI anymore either. So this is, it's a mission critical. So with that,

you know, if we're going to have a golden dome, if we're going to have any ability to defend ourselves from hypersonics or, you know, protect our fleet around the ocean, not to have them all wiped out in the first hour of a conflict, we have to have AI both targeting and a defense standpoint. So you can't separate defense from AI anymore either. So this is, it's a mission critical. So with that,

with that energy emergency then we have to pull out all stops so back to any dc uh which by the way for those that are easy to remember it's like acdc it's any dc and then we could even have a little lightning bolt and the logo i don't know if you're gonna get there dog but you know t-shirt have t-shirts i actually might make that t-shirt for you i mean i think it's you guys sell swag on this podcast i think that's going to be the new one uh new bestseller anyway with with the you

with that energy emergency then we have to pull out all stops so back to any dc uh which by the way for those that are easy to remember it's like acdc it's any dc and then we could even have a little lightning bolt and the logo i don't know if you're gonna get there dog but you know t-shirt have t-shirts i actually might make that t-shirt for you i mean i think it's you guys sell swag on this podcast i think that's going to be the new one uh new bestseller anyway with with the you

could sell that swag you know we could fund a new energy program yeah we go yeah with the but what are we're not a organization we're like a small tiger team and think of it more like a governor's economic development super super team president trump is asking us to find things that are critical to the infrastructure where they're running into roadblocks and then help them i want to say white glove concierge service help them get the permit help them get started the capital is there

could sell that swag you know we could fund a new energy program yeah we go yeah with the but what are we're not a organization we're like a small tiger team and think of it more like a governor's economic development super super team president trump is asking us to find things that are critical to the infrastructure where they're running into roadblocks and then help them i want to say white glove concierge service help them get the permit help them get started the capital is there

It's often a regulatory thing that's stopping, you know, like natural gas getting into New England. We've got, I mean, we're never gonna build an AI data center in New York or in New England if the price of natural gas is three times higher than it is in Pennsylvania. And yet they're still campaigning on, hey, we blocked this natural gas pipeline.

It's often a regulatory thing that's stopping, you know, like natural gas getting into New England. We've got, I mean, we're never gonna build an AI data center in New York or in New England if the price of natural gas is three times higher than it is in Pennsylvania. And yet they're still campaigning on, hey, we blocked this natural gas pipeline.

Everybody in Pennsylvania loves that because they'll get all the data centers. They'll get all the advanced manufacturing. In Arizona, you've got the TSMC plant coming there. That's going to require enormous amounts of power. People want to put data centers there. And yet their utility is just shutting down a coal plant. And it's like, OK, how are you going to power this stuff?

Everybody in Pennsylvania loves that because they'll get all the data centers. They'll get all the advanced manufacturing. In Arizona, you've got the TSMC plant coming there. That's going to require enormous amounts of power. People want to put data centers there. And yet their utility is just shutting down a coal plant. And it's like, OK, how are you going to power this stuff?

And so one of the goals we have is don't shut down any more baseload, preserve what we have and help, you know, get other get new sources of power permitted.

And so one of the goals we have is don't shut down any more baseload, preserve what we have and help, you know, get other get new sources of power permitted.

Yeah, we got to keep everything going. We got to go fast on the small modular nuclear. But again, that's really kind of in the 2030s. So that's in our next, it's in the important, but it's a little less urgent. We need to fast track all that stuff long term. That's where the solutions will likely lie.

Yeah, we got to keep everything going. We got to go fast on the small modular nuclear. But again, that's really kind of in the 2030s. So that's in our next, it's in the important, but it's a little less urgent. We need to fast track all that stuff long term. That's where the solutions will likely lie.

But in between now 2025 and 2030, a lot of it's going to come back to LNG because the fastest thing we can get online for more electricity generation is LNG power plants.

But in between now 2025 and 2030, a lot of it's going to come back to LNG because the fastest thing we can get online for more electricity generation is LNG power plants.

A big difference is, again, back to the regulatory environment. I mean, the regulatory environment on nuclear has been so burdensome in terms of adding to the cost and the timeframe of bringing it on.

A big difference is, again, back to the regulatory environment. I mean, the regulatory environment on nuclear has been so burdensome in terms of adding to the cost and the timeframe of bringing it on.

And then when that cost was put onto a utility and then utility felt they had to put that back on the rate, on the rate payers, their consumer customers, there was in some ways a revolt that it wasn't safety related. It was like, oh, you want nuclear, but now my electricity is going to cost twice as much. I'm not for that.