American companies will increase oil production amid supply shocks, says Interior Sec. Doug Burgum
CNBC Television·2026-03-11 20:06
ARE STILL BELOW $90 A BARREL. AND AS I JUST SAID, OIL PRICES WHILE UP FROM WHERE THEY WERE ARE AT THE SAME PRICES THAT THEY HIT A FEW TIMES OVER THE LAST FIVE YEARS. BUT THERE ARE STILL REAL WORRIES ABOUT THE IMPACT OF THE WAR ON LONGER TERM PRICES.SO LET'S TALK MORE ABOUT THAT AND MORE WITH US INTERIOR SECRETARY DOUG BURGUM. HE OVERSEES ABOUT ONE FOURTH OF ALL AMERICAN OIL PRODUCTION ON AND OFFSHORE. HE IS ALSO THE CHAIR OF THE NATIONAL ENERGY DOMINANCE COUNCIL AND WORKING, NO DOUBT CLOSELY WITH HIS FRIEND ...