Doug Burgum, Secretary of the Interior | All-In DC

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All-In with Chamath, Jason, Sacks & Friedberg 51 min 3 speakers 6 chapters transcribed
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What is Doug Burgum's background and how did he become Secretary of the Interior?

David Sacks 1:55
I think that was another epic discussion. Welcome to the all-in interview here today with Secretary Doug Burgum, the 55th Secretary of the Interior of the United States of America. We are here in beautiful Sabine Pass in Louisiana today at the Chenier LNG facility. It's been an amazing tour this afternoon. It's a little bit windy, but it's still a beautiful afternoon. Thanks for joining me today, Doug.
Doug Burgum 2:30
David, it's great to be with you. Thank you for coming down and seeing this amazing facility.
David Sacks 2:34
So we just took a great tour here. Why were you here today and what are we checking out?

How did the shale revolution transform US energy independence?

Doug Burgum 2:38
Well, I think President Trump, one of his core goals, if we talk about energy dominance, which is beyond energy independence, it's not just a slogan. It's really about how do we have the power to power AI in America? How do we power the remanufacturing in America? And then how do we sell energy to our friends and allies so that they don't have to buy it from our adversaries? And what you and I had a chance to see today is the largest LNG export facility in America, the second largest in the world.
David Sacks 3:05
Yeah, I was struck. I didn't really realize how quickly this facility grew up just about a dozen years ago. There was nothing really going on here. And now it's the second largest export facility of methane in the world. And methane is seeing a massive surgence around the world because it has a lower carbon footprint. There's demand. It's transportable. So there's a lot of reasons why there's a massive growing market for liquefied natural gas or methane.
Doug Burgum 3:31
Absolutely. And part of the amazing energy transformation that I think is not fully appreciated by most Americans is when this plant began in the early 2000s, it was meant to be an LNG import facility. America was running out of oil and gas. And they said, wait, we got to be ready to start importing it just to meet our needs. Well, along comes the shale gas revolution, again, driven by technology, that technology of horizontal drilling, that ability to, you know, fractionate rock and get oil and gas out of places that people thought was just impossible that we would ever be retrieving. Those resources from those hard rock shale locations. And so then this thing, after the financial crisis, turned around and began its life as an export facility. And now, as you say, the only one larger in the world is in the Middle East.

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