Trump creates energy council to boost US oil and gas, approves LNG exports

The Star

US President Donald Trump signed an executive order on Feb 14 in creating a new energy council to be led by Interior Secretary Doug Burgum that will seek to expand US output of oil and gas.   In addition, Trump said more than 600 million acres of offshore federal waters are now open to oil and gas development after his predecessor Joe Biden had taken them off the table.   WATCH MORE: https://thestartv.com/c/news  SUBSCRIBE: https://cutt.ly/TheStar  LIKE: https://fb.com/TheStarOnline

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00:00Here is an executive order establishing the National Energy Dominance Council, so that

00:06will be chaired by the Secretary of the Interior, Mr. Burgum, establish American independence

00:13with energy and also unleash energy dominance.

00:17This is a big deal.

00:18We have more energy than any other country and now we're unleashing it, to put it nicely.

00:24We are also working on a project that has been under wraps for 20 years, everybody wanted

00:31it.

00:32It's been held up by New York.

00:34It's a pipeline that will bring down the energy prices in New York and in all of New England

00:41by 50, 60, 70%.

00:44It should have been done years ago.

00:47We'll be speaking to New York and the New York is actually the biggest beneficiary because

00:51their energy costs are very high.

00:53This will reduce them very substantially, but all of the governors want this to happen

01:00and I think it's going to happen.

01:01It's now going to happen.

01:02It's something that would rather not have to go eminent domain.

01:06We'll do that if we have to in New York, but hopefully we won't have to do that.

01:10The 635 million acres that Biden so viciously took out of our net worth, if you look at

01:19it from the standpoint of a company, you talk about net worth, they've destroyed our

01:24net worth.

01:26We're putting it back.

01:27It will be back as of this afternoon and Doug, could you mention that, all of the millions

01:33and millions of acres that he just handed back to nobody?

01:39The executive order by President Biden that wiped out these trillions from our balance

01:44sheet.

01:45President Trump signed an executive order instructing me as the Secretary of Interior

01:49to unban that ban and that's been accomplished and so those are back on the U.S. balance

01:54sheet.

01:55Nobody's ever seen anything like it and he did that, I guess, in the last few days of

01:58the administration.

02:00He just wiped it out, 635 million acres, which if you sit down and look, it's a major part

02:07of the ocean and he just gave it away and took it away and fortunately it wasn't done

02:13with an act of Congress or anything and we did it in a, I think, very abbreviated, very

02:19quick and very legal procedure and it's now back on our balance sheet.

02:24It's back as part of our country.

02:26What they did was so horrible, it was just a terrible thing to do.

02:30And you're going to see, this is basically energy dominance and it's going to be environmentally

02:35clean, environmentally wonderful and taxes will be very reasonable based on this.

02:42We're going to make more money than anybody's ever made with energy.

02:45We have more energy than anybody else and it's clean energy, very clean, beautiful energy.

02:51We're lucky we have it.

02:52I call it liquid gold under our feet and we're going to utilize it.

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