Doug Burgum
๐ค SpeakerAppearances Over Time
Podcast Appearances
The estimates are that that's in the tens of billions of dollars that were saved by consumers in our allies because of U.S.
being able to literally come to the rescue with low energy prices.
and whether it's prescription drugs, whether it's housing, whether it's interest rates, whether it's food, President Trump has been on the march lowering those prices for Americans, and with this temporary interruption versus to have an opportunity for long-term transformation, I think this is something that everybody in the world should be joining in.
If everybody thinks it's okay to have a regime that killed 40,000 of their own people,
before this recent conflict even started just because people were expressing free speech in the street.
I think that's okay to have that group of people controlling the world's energy supplies in the world market.
You know, I would be surprised.
I mean, people need to come to a realization that this is a global problem.
People should be aligned with President Trump and aligned with the United States to say, you know, we shouldn't be standing for having a group of terrorists control the global economy.
Well, I'd say there's certainly been a discussion.
We've got a lot of smart people working in this administration.
There's a lot of smart people that work in the energy trading market.
Energy trading is one of the biggest markets in the world.
An intervention there to try to manipulate lower prices would require enormous amounts of capital.
That's all I'll say on that front.
But I'd say that right now,
The best way to get prices down is increase supply to match demand.
And President Trump, again, under President Biden, we were lowering the amount of energy we were producing.
We were regulating it out of business, strangling entire industries that were producing either electricity or liquid fuels out of business.
And now it's gone the complete opposite direction.