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Doug Burgum

👤 Speaker
641 total appearances

Appearances Over Time

Podcast Appearances

Morning Wire
Drill, Mine, Build: Inside Trump’s Energy Revolution

We did a land swap, a couple hundred thousand acres of federal for about the same amount of land with the state of Utah. And then we filled in the checkerboard of some wilderness areas that we want to protect. They got 200,000 acres of land that they can use for housing or for resource development.

Morning Wire
Drill, Mine, Build: Inside Trump’s Energy Revolution

We did a land swap, a couple hundred thousand acres of federal for about the same amount of land with the state of Utah. And then we filled in the checkerboard of some wilderness areas that we want to protect. They got 200,000 acres of land that they can use for housing or for resource development.

Morning Wire
Drill, Mine, Build: Inside Trump’s Energy Revolution

And there is a special law for Southern Nevada, the Southern Nevada Lands Act, which then gives us special authorities to help sell those lands to Nevada to help take off the strain, because that's driving up the cost of housing and the American dream. Part of the reason why the American dream is out of reach is because of land costs out in some of these Western cities.

Morning Wire
Drill, Mine, Build: Inside Trump’s Energy Revolution

And there is a special law for Southern Nevada, the Southern Nevada Lands Act, which then gives us special authorities to help sell those lands to Nevada to help take off the strain, because that's driving up the cost of housing and the American dream. Part of the reason why the American dream is out of reach is because of land costs out in some of these Western cities.

Morning Wire
Drill, Mine, Build: Inside Trump’s Energy Revolution

Like NEDC, it's kind of like ACDC. You put a little lightning bolt in between there. I think we'll have T-shirts for the NEDC. But we already had a National Economic Council, so we didn't have two acronyms within the White House with the same council initials.

Morning Wire
Drill, Mine, Build: Inside Trump’s Energy Revolution

Like NEDC, it's kind of like ACDC. You put a little lightning bolt in between there. I think we'll have T-shirts for the NEDC. But we already had a National Economic Council, so we didn't have two acronyms within the White House with the same council initials.

Morning Wire
Drill, Mine, Build: Inside Trump’s Energy Revolution

Well, we're definitely on track. And when we talk about dominance, this is about that we sell energy to our friends and allies so they don't have to buy it from our adversaries. I mean, the two wars that we're in right now that are going on that are essentially proxy wars, one with Iran who is funding 24 terror groups, they were funding it and still are with the sale of oil.

Morning Wire
Drill, Mine, Build: Inside Trump’s Energy Revolution

Well, we're definitely on track. And when we talk about dominance, this is about that we sell energy to our friends and allies so they don't have to buy it from our adversaries. I mean, the two wars that we're in right now that are going on that are essentially proxy wars, one with Iran who is funding 24 terror groups, they were funding it and still are with the sale of oil.

Morning Wire
Drill, Mine, Build: Inside Trump’s Energy Revolution

Biden administration, the sanctions completely failed. During the Biden administration, they sold estimated between $200 to $300 billion worth of oil and gas. Under Trump, one, he had Iran financially on their knees because the sanctions actually worked. Russia, as I said earlier, they spent 10 years co-opting everybody in Western Europe to believe that climate extremism was the

Morning Wire
Drill, Mine, Build: Inside Trump’s Energy Revolution

Biden administration, the sanctions completely failed. During the Biden administration, they sold estimated between $200 to $300 billion worth of oil and gas. Under Trump, one, he had Iran financially on their knees because the sanctions actually worked. Russia, as I said earlier, they spent 10 years co-opting everybody in Western Europe to believe that climate extremism was the

Morning Wire
Drill, Mine, Build: Inside Trump’s Energy Revolution

existential threat as opposed to the existential threat might have been like Iran getting a nuclear weapon or Russia with the conflict going on in Ukraine. Those are some things that were, Russia then invaded and the price of oil went up and Russia made more money than they've ever made. And then of course we said, oh now, and then Biden said, we're gonna sanction these guys.

Morning Wire
Drill, Mine, Build: Inside Trump’s Energy Revolution

existential threat as opposed to the existential threat might have been like Iran getting a nuclear weapon or Russia with the conflict going on in Ukraine. Those are some things that were, Russia then invaded and the price of oil went up and Russia made more money than they've ever made. And then of course we said, oh now, and then Biden said, we're gonna sanction these guys.

Morning Wire
Drill, Mine, Build: Inside Trump’s Energy Revolution

Well, when they sanctioned them, Iran and Russian oil went down in price. Who is buying it all? China. I mean, we turned our adversaries into China's discount gas station and China was laughing all the way to the bank. China's filling their strategic petroleum reserve to record levels. Biden drained ours in half ahead of the midterms to try to manage price.

Morning Wire
Drill, Mine, Build: Inside Trump’s Energy Revolution

Well, when they sanctioned them, Iran and Russian oil went down in price. Who is buying it all? China. I mean, we turned our adversaries into China's discount gas station and China was laughing all the way to the bank. China's filling their strategic petroleum reserve to record levels. Biden drained ours in half ahead of the midterms to try to manage price.

Morning Wire
Drill, Mine, Build: Inside Trump’s Energy Revolution

He turned the strategic petroleum reserve of the United States strategic petroleum reserve into a political patrolling reserve back in 2022. So the mess that was handed to President Trump, he's gotta turn all of this again, as they say, 180 degrees in the other direction.

Morning Wire
Drill, Mine, Build: Inside Trump’s Energy Revolution

He turned the strategic petroleum reserve of the United States strategic petroleum reserve into a political patrolling reserve back in 2022. So the mess that was handed to President Trump, he's gotta turn all of this again, as they say, 180 degrees in the other direction.

Morning Wire
Drill, Mine, Build: Inside Trump’s Energy Revolution

But when he's talking about drill, baby, drill, he's talking about we're gonna permit and we're gonna develop the resources, and we're gonna map, baby, map to figure out where all these resources are, and then we're gonna mine, baby, mine, so we can build, baby, build, because we got to build AI data centers. If we don't have electricity to power the AI right now, China is winning.

Morning Wire
Drill, Mine, Build: Inside Trump’s Energy Revolution

But when he's talking about drill, baby, drill, he's talking about we're gonna permit and we're gonna develop the resources, and we're gonna map, baby, map to figure out where all these resources are, and then we're gonna mine, baby, mine, so we can build, baby, build, because we got to build AI data centers. If we don't have electricity to power the AI right now, China is winning.

Morning Wire
Drill, Mine, Build: Inside Trump’s Energy Revolution

We're winning on the technology. China's winning on electricity. And you can turn a kilowatt of electricity in an AI data center. You manufacture intelligence. The country that produces the most intelligent first wins this race. And this is not a race we can come in second place. And he understands that. I think Silicon Valley does.

Morning Wire
Drill, Mine, Build: Inside Trump’s Energy Revolution

We're winning on the technology. China's winning on electricity. And you can turn a kilowatt of electricity in an AI data center. You manufacture intelligence. The country that produces the most intelligent first wins this race. And this is not a race we can come in second place. And he understands that. I think Silicon Valley does.