Doug Burgum

But certainly when there's a price indication that's happening right now, this is an opportunity.

Shale producers have the ability to

increase their production some of them have you know drilled but uncompleted wells they just have to turn those on and of course we're seeing our partners i just got back from venezuela last week where you've got companies like chevron that are indicating that they can accelerate

their development in places like that.

And of course the administration taking steps in places like California where we've got offshore in California that weren't being blocked by the state of California in terms of

regulatory and red tape, that that could substantially increase the amount of oil being produced in California.

Every stone is being overturned.

The team in D.C.

and the team that's here across a whole set of cabinet members from the Trump administration that's here, we have 17 countries attending this Indo-Pacific Energy Security Day.

ministerial, all of these countries are understanding that it's important for them, for their economies and for their countries and for their citizens to have energy security.

And they're looking to buy energy from a trusted ally.

And of course, here we are in Japan who's been buying LNG from Alaska for more than 50 years without a single interruption because there are no choke points when you're buying energy from the United States.

And that's very different than when you're buying from providers where you've got a terrorist regime

And whether it's directly the Iranians or their proxy, the Houthis, that can cut off flows of commerce to the world, energy security matters to these buyers.

And that's why we're seeing these senior leaders and some of the largest LNG companies in the world all here.

There's going to be a lot of deals announced in the next couple days at this event, meaning in the tens of billions of dollars, because there's that kind of understanding of the importance of energy security.

Well, I think that one of the things that we're seeing is that, you know, China having really benefited with the failed sanctions under the Biden administration when we had failed sanctions on Venezuela, Iran and Russia, the three places where we've had conflicts in the world.

You know, they've been buying for the last three or four years.

They've been buying discounted refined product and discounted oil.

I mean, I basically say the failed sanctions, the Biden administration just turned Russia, Iran and Venezuela into China's discount gas station.