Doug Burgum Explains What Smashing Iran Does [WATCH]

Doug Burgum said the United States remains energy secure despite temporary price fluctuations, while criticizing former President Joe Biden’s decision to release large amounts of oil from the Strategic Petroleum Reserve ahead of the 2022 midterm elections.

Speaking about U.S. energy policy and global oil markets, Burgum pointed to a plan proposed by President Donald Trump in 2020 to increase the nation’s strategic reserves when oil prices were historically low.

According to Burgum, the proposal would have benefited Americans by purchasing oil at favorable prices.

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“Back in 2020 President Trump wanted to get the thing filled up to the max, and Chuck Schumer and the Democrats voted against it and called it a president. He’s a Buy low, sell high guy,” Burgum said. “He was going to fill it up at 20 bucks a barrel, which would have been a gift to the Americans.”

Burgum contrasted that proposal with actions taken by Biden during his presidency.

He said Biden released roughly 400 million barrels from the Strategic Petroleum Reserve ahead of the 2022 midterm elections in an effort to reduce gasoline prices.

“Instead, Biden drained it about in half, 400 million barrels ahead of the midterms in 2022 to try to get the price down at the pump,” Burgum said.

“I mean, Biden turned it into his own political, personal petroleum reserve for political purposes.”

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The Strategic Petroleum Reserve is the nation’s emergency stockpile of crude oil and is intended to provide supply during major disruptions.

Burgum said the reserve was used in a way that served short-term political goals rather than long-term energy security.

Despite concerns about global tensions and oil supply, Burgum said the United States remains well supplied with energy resources and does not rely heavily on oil shipments passing through key Middle Eastern routes.

“But right now I know that internationally, there’s lots of reserves,” Burgum said.

“There is a lot of supply of oil around the world, a lot of it floating here in the US.”

Burgum said the Trump administration’s energy policies strengthened domestic production and improved the country’s energy independence.

“I mean, President Trump’s energy dominance policy for Americans,” Burgum said.

“Americans should know that we are completely well supplied in America.”

He also addressed concerns about the Strait of Hormuz, a major shipping route for global oil supplies. Burgum said the United States is not dependent on oil traveling through the strait.

“We are absolutely not dependent on oil coming out of the Strait of Hormuz in the Middle East,” Burgum said.

“We’ve never been more energy independent and energy energy secure than right now.”

According to Burgum, short-term increases in energy prices should be viewed within the context of broader geopolitical developments, particularly efforts to confront threats in the Middle East.

“There’s energy security for Americans,” Burgum said.

“As President Trump says, this price increase is going to be temporary.”

Burgum argued that potential long-term outcomes, including weakening hostile regimes and limiting their ability to disrupt global markets, could ultimately stabilize prices and strengthen global security.

“And it is a small price to pay for the idea that we’re going to take get rid of the terrorist regime that has been holding the world economy hostage for 47 years, with the threat of closing the strait, taking away their ability to do that,” Burgum said.

He added that removing the ability of hostile actors to threaten oil supplies could also reduce funding for terrorist organizations and improve long-term stability.

“Taking away their ability to fund 24 terror groups and kill Americans,” Burgum said.

Burgum concluded by saying that long-term geopolitical and economic benefits outweigh temporary volatility in energy markets.

“That’s going to be lower prices and world peace and economic stability for decades to come,” Burgum said.

“President Trump 100% correct on on the long term benefits versus a little short term volatility.”

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