Doug Burgum
๐ค SpeakerAppearances Over Time
Podcast Appearances
When you have energy dominance, then you can do energy diplomacy.
You can use it to end wars overseas, and you can use it to lower the cost of everything at home.
So prosperity at home, peace abroad.
But as you said, the failed sanctions of the Biden administration turned Venezuela into
and Russia and Iran into China's discount gas station.
China's been buying energy.
They're the most energy-dependent country in the world, but they've been buying it from bad actors on the black market over the Biden administration years.
President Trump is changing that.
And even if Venezuela oil goes back on the world market, if China wants to buy it, great, they can pay the world price as opposed to they were getting it basically close to half price.
uh here you know one month ago uh and shipping it on the on the dark fleet so so it is a it's going to help balance and balance out you know trade around the world but this is and it's also the venezuela is shifting the geopolit for 70 years the geopolitical center of the world was driven by oil and it was driven by the middle east that can move back to the western hemisphere with president trump's energy dominance approach
Well, you had Chris Wright on yesterday, and Chris Wright's on point on that for Team Trump on navigating how we get oil production up and how we get that energy sold.
President Trump is, again, driving a strategy where you control the oil, you control the economy, and then you can control the direction of where it goes.
And this is going to be a great opportunity that Venezuelan
25 years ago, all that Venezuelan oil was primarily flowing to the United States.
All of our refiners on the Gulf Coast are set up to manage that heavy Venezuelan crude.
And when that product comes to the US, it means lower gas prices for Americans.
So this is like, this is President Trump
like making a triple bank shot with his eyes closed because this thing, it hits China.
It hits all the illicit sales.
It's going to put the squeeze on Cuba, which is another failed state right at our doorstep.