Doug Burgum
speaker
1,008 appearances
32 recordings
11 series
first heard Jan 2025
last heard 5 Jun
Doug Burgum’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 23 in all, peaking in Jun 2026 with 6.
Appearances
And so it's core to the strategy right now, but it's also, as you've talked about on this show, is about with AI because
Never before in history have we been able to convert a kilowatt of electricity into intelligence.
The demand for that, regardless of stock prices or stock movements, the demand for AI, for intelligence applied to every job, every company, every industry is going to continue to increase the demand for electricity around the world.
The U.S.
is an energy-dominant country, now the largest oil producer in the world, largest LNG exporter in the world, and growing quickly.
With that strategy, it bodes well for the future of the U.S., both in terms of peace and in terms of prosperity.
Well, I think one thing that we know that in the Trump administration, we're cutting red tape so rapidly.
We think that, you know, one of the early targets we had was cut 10 percent of the cost away from those producers just by cutting red tape.
So if you think about, you know, 60 bucks today, it might be what 67 bucks was yesterday.
a year ago because of our ability to take cost out for those producers.
And there's example after example, whether it's from the EPA, the Department of Energy, Department of Interior, where we've been able to help reduce costs.
And of course, this industry has been better than almost any in terms of gaining productivity.
The shale producers now drilling three mile laterals instead of two mile laterals, up to four mile laterals in many places.
Offshore, we've seen examples.
Overseas, the people building 10-mile laterals when they're getting after the shale rock, all with the same small well pad on the surface.
So great for land management and great for energy production, and kudos to this industry.
The entire shale revolution has occurred through innovation, and that innovation is going to continue.
And with AI applied to that, it's going to get even better.
So I see the leading companies are getting their costs down, even as demand is going up.
Well, I think, again, I'd have to take a look at the numbers.
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