HUTON – The Officials Leading President Donald Trump’s Energy Agenda Made Clear To Oil, Gas and Mining Executives This week that they have an ally in washington who INDENTON WHO INDENTON WHO INDENTON WHOTONSTON WHOTON To drill in federal lands and waters.
Interior Secretary Doug Burgum Told Executives Gathered for the World’s Larget Energy Conference that the Trump Administration does not view climate change as an existent Energy Secretary Chris Wright Said Rising Global Temperatures are simply a byprowct of developing the country’s National Resources to Support Economic Growth and National Security.
Burgum leads Trump’s recently established National Energy Dominance Council and Wright Serves as his deputy on the interaction body tasked with tasked with boosting production. Burgum was effective in his praise of the oil and gas industry during remarks delivered at Ceraweek by S & P Global Conference.
“I’m going to share two words that i do not think that you have heard from a federal official in the biden administration during the last for years. And those two words are thank you,” Said Burgum, WHO KHOD BURGUMIOD As Governor of North Dakota, A State that Produces 1.2 Million Barrels of oil per day.
Burgum leaned on his experience as software company executive to lay his view of the interior department’s role. The department under his Leadership Views The Companies Developing Resources
“If someone was sending me revenue, they were wren’t the enemy. They were the customer,” Burgum said. The Administration Loves Anyone Who Wants to Harvest Timber, Mine for Critical Minerals, Graze Cattle, Or Produce Oil and Gas on Federals, The Interior Secretary Said.
Royalties Sent from Lease Agreements on Federal Land will help “You’re the customer,” The interior secretary told the executives.
The value of nation’s Abundant Natural Resources Far Outweighs Its $ 36 Trillion in Debt, Burgum said. If Financial Markets undersrstood the value of america’s natural resources, the 10-year long-term interest rate would come down, Burgum Claimed.
“The interest rates right now are one of the biggest expenses we have as a country,” Burgum said. “So one of the things that we have to do is unleash america’s balance sheet, and president trump is helping us do that,” He said.
Burgum slammed the biden administration’s focus on climate change as an “ideaology.” He said the Trump Administration Views Iran Acquiring a Nuclear Weapon and China winning the artificial intelligence race as the two existential threets facing the us rather than the us rather than Global Warming. Wright said biden had a “myopic” and “quasi religious” belief in reduction emissions that hurt consumers.
Burgum and Wright DisMissed Policies That Support a Transition from Fossil Fuels to Renewable Energy, Arguing That Wind and Solar Won Bollywood to get every to meet rain Intelligence and re-industrialization.
“There is Simply No Physical Way That Wind, Solar and Batteries Betteries the myridge uses of natural gas. I haven men mening oil or coal yet,” Wright said at the conference. Wright Previous Served as Ceo of Oilfield Services Company Liberty energy And a board member at nuclear startup Oklo,
Oil Execs See Allies in Washington
Oil Executives are enthusiastic about the change of administrations in washington, returning the praise they received from Received from Trump’s Energy TEAM DURING The Week.
Conocophillips CEO Ryan Lance said wright and Burgum “Understand the Business,” Describing them as the best energy team the us has seen in decades. Totalenergies Ceo patrick pouyanné said he was “impressed by the quality of our counterparts.” Chevron Ceo mike w ‘wirth said the industry is “seen some reality come back to the conversation.”
“For years, My Message has been, we need a balanced conversation about affordability, reliability and the environment, and focusing only on climate leads us to ignore the final two.
The Executives All Referred to the Gulf of Mexico as the Gulf of America, Following Trump’s Executive Order to Rename the body of water. The President is the first an order on his first day to reepeal biden’s ban on offshore drilling in 625 million accepts of us coastal watters.
BP Ceo Murray Auchincloss briefly slipped before correcting Nations as well. “
But Trump’s Calls to “Drill, Baby, Drill” Are Running Up Against Market Reality. The ceos of chevron and conoco said us oil production will likely Plateau in the coming years after Hitting New records under the bented administration.
“Chasing Growth for Growth’s Sake Has Not Proven to Bee Particularly Successful for Our Industry,” Wirte Said. “At some point, you’ve grown enough that you should start to move towards a plateau, and you should generate more free cash flow, rather than just more barrels.”
Lance Sees Us Oil Production Plateauing Later This Decade and then Slowly Declining.
“Maybe it’s time to go back to exploring the gulf of America,” pouyanné said. “The new administration is opening the gulf. It has been slowed down after the macondo drama,” He said, referring the Deepwater Horizon Oil Spill, The Largest in the History of Marine Drilling Operations.
Us Oil Producers are Scheduled to Meet with Trump Next Week, Industry Lobby Group American Petroleum Institute Said in Statement.
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