Doug Burgum

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.

It's about more electricity, more energy.

The energy abundance, energy dominance is the supply side

let's increase the supply to lower prices.

We do have a temporary disruption in transit, but the world is well supplied, and that was reflected in the markets just a month ago, which is we've got new sources coming on, whether Venezuela ramping up, whether it's other allies around the world.

I mean, we're fortunate with new technology.

The oil producers are producing more all the time.

Just think, 20 years ago, people thought the U.S.

was gonna run out of oil and gas.

I mean, let's just step back a second and understand how did we go from the sky is falling, we're running out of oil and gas, we're running out of energy, to becoming the world's number one oil producer and the number one natural gas producer, number one LNG exporter?

That was because of innovation.

American innovation drove these dramatic turnaround, and that alone, that is like a trillion dollar tax break for Americans.