Epoch Times - Gulf of America Has 28 Trillion in Oil And Gas Offshore Resources: Sec. Burgum
Aired: 2025-10-09
Duration: 01:13


=== Restricting Access to Public Lands Wealth (01:12) ===

[00:00:00]  If Interior was a standalone company, it would have the largest balance sheet in the world.
[00:00:05]  It would also have among the largest value, it would have the worst returns in the world because we've restricted access to it.
[00:00:12]  We've tried to shut down the timber industry.
[00:00:14]  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.
[00:00:23]  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.
[00:00:32]  Yes, for recreation, but also the benefit to access all of these minerals.
[00:00:36]  So codifying that balance sheet has been something that we're working on across government.
[00:00:40]  But just the Gulf of America offshore, $28 trillion, $28 trillion in oil and gas resources that are there.
[00:00:50]  Coal resources, close to $10 trillion of coal resources on public lands.
[00:00:56]  And again, some of this stuff, like the coal, Biden administration was basically not leasing any coal.
[00:01:02]  They're saying we're going to just wipe $10 trillion off the U.S. balance sheet.
[00:01:05]  They'd shut down millions and millions of acres for any kind of offshore activity in the Gulf of America.