Part 6/7:
As discussions wrapped up, a pointed question was raised about President Trump’s campaign promise to reduce oil prices by half, potentially bringing them down to around $40 per barrel. Secretary Burgum expressed optimism that by scaling back regulations, significant reductions—by approximately $6 to $8—could be achieved. He noted that a lower energy price would ideally stimulate not just domestic production but also expand international markets for American energy exports, countering adversaries while stabilizing local prices.