Doug Burgum

I mean, even in the difference of price in Pennsylvania versus in New England, because of the lack of natural gas pipelines that have been blocked into places like New England.

And when we think about

When you think about markets, you're talking about AI and the capital spend going against AI, an AI factory where we're actually creating and manufacturing intelligence.

Those plants are going to go to the places where states have low electricity prices and policies are setting price, not just markets.

And we've got policies in blue states around our country.

California, you mentioned California, 63% of California's oil is being imported to

from foreign countries because of blocking of pipelines coming into that state.

They have a record number of internal combustion cars in California.

They have more internal combustion cars than any other state has cars.

And yet two refineries have announced that they're shutting down in California because of policies, not because of lack of demand, not because of lack of consumers.

And so what's going to happen?

You're going to have...

oil tankers and refined products coming into San Francisco Bay and coming into Long Beach in record numbers in California because of policies.

They will have higher gas prices than virtually any other state.

So again, we have a strategy in America to help every state.

The Trump administration wants to have low, affordable energy prices for everybody, whether it's heating your home or driving your car or producing electricity for AI.

But we're going to need the collaboration from states to make sure.

And if states don't want to collaborate on that, then you're going to see this trillion dollars of AI, a historic amount of spend, all going towards states that have pro-energy policies that drive down prices.

Well, if you said on the show, I mean, the prices are in electricity are local, not national.

And so there are the examples that you think we're driving that analysis right now.