Trump administration message to oil and gas industry: ‘You are customers’

HUTON – Chief officials of President Donald Trump’s energy agenda clarified this week to clarify oil, gas and mining officials that they have an associate in Washington who intends to make as much as possible to drill in federal land and water.

Internal Secretary Dag Bergam told the officials gathered for the world’s largest energy conference that the Trump administration does not see climate change as a threat to existence. Energy Secretary Chris Wright said that rising global temperature is a by -product to develop the country’s national resources only to support economic growth and national security.

Bergam leads Trump’s recently established National Energy Dominance Council and acts as its deputy on the inter -body. The oil and gas industry were confirmed in their praise during the comments made by the Bergam S&P Global Conference at Ceraweek.

“I am going to share two words that I don’t think you have heard from a federal officer in the Biden administration over the last four years. And they thank you two words,” said Burgam, “Bergam said, who first acts as the Governor of North Dakota, a state that produces 1.2 million barrels of barrels per day.

Bergam bowed to his experience as an executive of the software company to keep his approach about the role of the internal department. Under his leadership, the department sees companies developing resources on federal land as “customers” who are contributing to revenue to the country’s “balance sheet”, said by Bergam.

“If someone was sending me revenue, they were not enemies. They were customers,” said Bergam. The administration loves anyone who wants to harvest wood, me, grazing cattle for important minerals, or produces oil and gas on the Federals, said the internal secretary.

Bergam said that the royalty sent by lease agreements on federal land would help the US to pay its national loan and balance the budget. “You are a customer,” internal secretary told the officials.

Bergam said that the value of the abundant natural resources of the nation is ahead of its $ 36 trillion. If the financial markets understand the value of America’s natural resources, the 10 -year long -term interest rate will be reduced, the bargam claimed.

“We have one of the biggest expenses we have as a country right now,” said Bergam said. “So the one thing we have to do is is America’s balance sheet, and President Trump is helping us to do so,” he said.

Bergam focused on the biden administration on climate change as “ideology”. He said the Trump administration sees Iran winning an nuclear weapon and China winning the Artificial Intelligence Race, as there are two existence threats to the US instead of global warming. Wright said that Biden had a “myopic” and “Quasi religious” confidence in reducing consumers’ emissions.

Bergam and Wright rejected the policies that support an infection for renewable energy from fossil fuels, arguing that wind and solar artificial intelligence would not be able to meet the demand for increasing energy in the coming years from intelligence.

“There is just no physical method that air, solar and battery can change innumerable uses of natural gas. I have not yet mentioned oil or coal.” Wright first served as CEO of Oilfield Services Company Freedom energy And a board member in nuclear startups Oklow,

Oil officials are enthusiastic about the change of administration in Washington, returning the praise received from Trump’s energy team during the week.

Conocophilips CEO Ryan Lance said Right and Bergam “Understand the business,” the US has seen them in decades describing them as the best energy team. Total CEO Patrick Poyne said he was “influenced by the quality of our counterparts.” Shehtir CEO Mike Varth said that the industry is “returning to the conversation after seeing some reality.”

“Over the years, my message has been, we need a balanced interaction about strength, reliability and environment, and only focuses on climate to ignore two from focusing on climate,” Right said.

All the officials referred to the Gulf of Mexico as the Gulf of America, changing the name of the water of the water after Trump’s executive order. The President issued an order on its first day, which was to cancel the ban on biden’s offshore drilling in 625 million acres of American coastal water.

BP CEO Murray Achincloss slipped before correcting himself, how to help the generative AI exploration: “We started doing so in the Gulf of Mexico, Uh America, and we also spread it to other countries.”

But Trump’s call is running against the reality of the market for “Drill, Baby, Drill”. The CEO of Chevron and Connoco said that the US oil production will be likely to be a plateau in the coming years after hitting new records under the Biden administration.

“Chasing development for development has not proved to be particularly successful for our industry,” Varth said. “At some point, you have developed enough that you should start moving towards a plateau, and you should generate more free cash flow than just more barrels.”

After this decade, we look at the oil production plateau after this decade and then it is slowly decreasing.

“Perhaps it’s time to go back to search for the Gulf of America,” said Poyne. He said, “The new administration is opening the Gulf. It has been slowed down after the Macndo drama,” he said, referring to Deepwater Horizon Oil Spill, the largest in the history of Marine Drilling Operation.

American oil producers have been scheduled to meet with Trump next week, the industry lobby group American Petroleum Institute said in a statement.