Doug Burgum, U.S. Secretary of the Interior, highlights the positive financial trade-offs of natural resource extraction on federal waters.
Opinion
Biden regulatory policies sought to eliminate US oil and gas
“The regulatory regime was such that it wasn't about regulating oil and gas. It was about eliminating oil and gas from America.”
Assertion Partly supported
Germany spent $500B on renewables, yielding less power at triple cost
“So Germany spent a half a trillion dollars, five hundred billion dollars on the quote, air quotes, transition to green energy. They were transitioning to wind and solar. Half a trillion, five hundred billion dollars. They today produce 20% less electricity, an…”
Assertion Not checkable as stated
Burgum: $1T to $1.5T in capital is delayed by federal permitting
“There could be a trillion to a trillion and a half dollars stuck in this two to four year federal government permitting thing.”
Insight
Burgum: Co-locating AI factories with stranded gas bypasses permitting hurdles
“And for people that are spending money on site selection, I'll tell you one thing, you want to build it faster, go to where the stranded gas is, Build your power plant there. Build the AI factory next to it. You don't have to permit a transmission line. You do…”
Prediction Didn’t hold up
Natural gas power will meet most near-term US grid growth
“But in between now, 20, 25 and 20 30 a lot of it's going to come back to LNG because that the fastest thing we can get online for more electricity generation is LNG power plants.”
Assertion Partly supported
Vending machines have killed more Americans than nuclear power
“We've had no, no deaths from anything related to nuclear power in our country. Yeah, in the instance inception, but the best I can find on the federal safety statistics is there's about 37 people that have died from getting angry at vending machines, and then …”