Interior Secretary tells executives at Houston conference that the president’s ‘energy dominance strategy’ will lower costs, secure oil and gas supply chains.
HOUSTON—President Donald Trump’s policies boosting American energy production are proving prescient with ships and pipelines carrying oil, liquified natural gas, and petroleum derivatives under threat worldwide, most urgently in the Strait of Hormuz, United States Interior Secretary Doug Burgum said.
“This strategy was built for this moment,” he told S&P Global Vice Chairman Daniel Yergin on March 25 during the third day of the 44th annual CERAWeek by S&P Global conference in the Americas Hilton-Houston.
Burgum and Yergin’s discussion included insights on the unfolding global energy crisis fostered by the Iran war, Venezuela’s emerging potential, Alaska oil and gas development, critical mineral partnerships, and the need for permit reform.
Beginning with “day one” executive actions in January 2025, such as a “National Energy Emergency Declaration,” a call for bolstering oil and natural gas production in an “Unleashing American Energy” order, and opening Alaska’s “extraordinary resource potential” to development, Burgum said the Trump administration’s goal has been to end reliance on “highly insecure supply chains” and develop the nation’s resources for domestic industry and global export.
Trump’s “energy dominance strategy is all about energy abundance; it’s about the energy for affordability at home, to power our economy, to win the arms race,” Burgum said. “But it’s also about the ability to sell to our friends and allies so that they don’t have to buy from adversaries that are funding wars or funding terrorism against us.”
With ships idling in the Persian Gulf and stacking in the Arabian Sea unwilling to transit the Strait of Hormuz, the Iranian chokehold on maritime commerce is devastating economies by preventing the daily movement of 20 percent of the world’s crude oil and liquified natural gas from the Persian Gulf.
“The strategy has never been more spot on,” said Burgum, who along with Energy Secretary Chris Wright and Environmental Protection Agency Director Lee Zeldin are prominent Trump administration officials making appearances and delivering remarks at the annual five-day energy conference attended by more than 10,000 industry experts, financial analysts, and innovators from nearly 90 nations.
By John Haughey
