Oct. 9, 2025 - Epoch Times
01:13
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| Time | Text |
|---|---|
| If Interior was a standalone company, it would have the largest balance sheet in the world. | |
| It would also have among the largest value, it would have the worst returns in the world because we've restricted access to it. | |
| We've tried to shut down the timber industry. | |
| We're trying to do not we, but the Biden administration, Biden administration, putting the clamps on timber production, on grazing, on mineral production on these public lands. | |
| When Theodore Roosevelt put away these hundreds of millions of acres, he specifically said that this was for the benefit and the enjoyment of the American public. | |
| Yes, for recreation, but also the benefit to access all of these minerals. | |
| So codifying that balance sheet has been something that we're working on across government. | |
| But just the Gulf of America offshore, $28 trillion, $28 trillion in oil and gas resources that are there. | |
| Coal resources, close to $10 trillion of coal resources on public lands. | |
| And again, some of this stuff, like the coal, Biden administration was basically not leasing any coal. | |
| They're saying we're going to just wipe $10 trillion off the U.S. balance sheet. | |
| They'd shut down millions and millions of acres for any kind of offshore activity in the Gulf of America. |
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