Trump administration message to the oil and gas industry: “You are the customer”

Houston – Officials Leaders for President Donald Trump explained for the capacity of oil, gas and mining this week that they had an ally in Washington that intends to make it as easy as possible to dig in land and federal waters.

Interior Minister Doug Burgum told CEOs who gathered at the largest energy conference in the world that the Trump administration does not consider climate change as an existential threat. Energy Minister Chris Wright said that the high global temperatures are simply a secondary result to develop national resources in the country to support economic growth and national security.

Burgum is leading the National Energy Gymnastics Council in Trump, and Wright works as a deputy in the form of agencies charged with increasing production. Burgum was intended to praise the oil and gas industry during the observations made by the World S&P Conference at Cereweek.

“I will share two words I do not think you have heard from a federal official in the Biden administration over the past four years. These two words thank you,” said Burgum, who was previously occupied by the governor of North Dakota, a state that produces 1.2 million barrels of oil per day.

Burgoum bowed on his experience as CEO of the software company to put his point of view of the role of the Ministry of Interior. Burgum said that the administration under his leadership is looking at companies that develop resources on federal lands as “agents” who contribute to the revenue of the “public budget” in the country.

“If someone is sending me revenues, they will not be the enemy. They were the client,” said Burgum. The Minister of the Interior said that the administration loves anyone who wants to harvest wood, a critical mineral mine, grazing livestock, or oil and gas production on the federations.

Burgum said that the royalties sent from the rental agreements on federal soil will help the United States to pay its national debt and define the budget. “You are the customer,” the Minister of Interior told CEOs.

Burgoum said the value of the abundant natural resources in the country is far exceeding its debts of $ 36 trillion. If financial markets understand the value of American natural resources, the long -term interest rate for 10 years will decrease.

“Upcoming interest rates is currently one of the largest expenses that we have as a country,” said Burgum. “So one of the things we have to do is to unleash the public budget for America, and President Trump helps us to do so,” he said.

Burgum criticized the Biden administration’s focus on climate change as “ideology”. He said that the Trump administration considers Iran to obtain a nuclear weapon and China win the artificial intelligence race as the two existential threats that face the United States instead of global warming. Wright said that Biden had a “nearsighted” and “semi -religious” belief in reducing emissions that harm consumers.

Borgum and Right rejected policies that support the transition from fossil fuels to renewable energy, on the pretext that the winds and solar energy will not be able to meet the increasing demand for energy in the coming years of artificial intelligence and the restoration of industry.

“There is simply no material method that wind, solar energy and batteries can replace the countless uses of natural gas. I have not yet mentioned oil or coal,” Wright said at the conference. Wright has previously worked as CEO of the Selevelid Services Freedom Energy And a member of the board of directors at the start of nuclear operation Ok, hey.

Conocophillips CEO Ryan Lances said “Understanding the work”, describing them as the best energy team in the United States for decades. Total energy CEO Patrick Poianier said he “admired the quality of our counterparts.” Chevron CEO Mike Worth said that the industry “sees some reality back to the conversation.”

“For years, my message was, we need a balanced conversation about the ability to withstand costs, reliability and the environment, and only focus on the climate leads us to ignore the first.”

All executives referred to the Gulf of Mexico as the Gulf of America, after Trump’s executive order to rename the water body. The president issued an order on his first day to cancel Biden’s ban on drilling abroad in 625 million acres of American coastal water.

BP Murray Auchincloss CEO shortly before correcting himself when discussing how to help obstetric intelligence in exploration: “We started doing this in the Gulf of Mexico, Umm America, and we publish this to other countries as well.”

But Trump’s calls for “drilling, child, drilling” are inconsistent with the reality of the market. CEFron and Conduko executives said that US oil production is likely to be a plateau in the coming years after they got new records under the administration of Biden.

“It has not been proven that the growth of growth for growth is that it is especially successful in our industry,” said Worth. “At some point, you have grown enough so that you should start moving towards a plateau, and you must generate more free cash flow, instead of more barrels.”

Lance sees us the oil production plateau later in this decade and then slowly decreased.

“Maybe it’s time to return to exploring the Gulf of America,” said Bouiani. “The new administration opens the Gulf. It has slowed after Macondo drama,” he said, referring to the horizontal oil leakage in Deep Water, the largest in the history of marine drilling operations.

The American Petroleum American Institute said in the statement that American oil producers are to meet with Trump next week.