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All-In with Chamath, Jason, Sacks & Friedberg

Doug Burgum, Secretary of the Interior | All-In DC

All-In with Chamath, Jason, Sacks & Friedberg

All-In Podcast, LLC

Alllin, Coronavirus, Calacanis, Palihapitiya, Health, Sacks, Friedberg, Allin, Entrepreneurship, Covid19, Gambling, Grow, Investing, Iq, Tips, Tech, Business, Jason, Startups, Poker, Technology, Money, Learn, Davidsacks, Davidfriedberg, Chamath

4.27.1K Ratings

🗓️ 6 May 2025

⏱️ 52 minutes

🧾️ Download transcript

Summary

(0:00) David Friedberg introduces Secretary Doug Burgum

(2:11) Burgum's background and how it led to his role in the administration

(10:56) The state of American energy and how we got here

(22:32) America's energy emergency: AI, unlocking potential, China, increasing national risk tolerance

(34:22) Burgum's National Balance Sheet idea: How it could help reduce national debt

(42:25) Mining, overseeing the EPA, aligning agencies with outcomes

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Transcript

Click on a timestamp to play from that location

0:00.0

We're here on the Celsius Galway in Sabine Pass, just outside of Beaumont, Texas.

0:07.0

Then you have to hold out.

0:09.0

With the Secretary of the Interior, Doug Bergam. The crew is giving us a tour. This is an amazing export facility, the largest in the United States, second largest in the world.

0:17.0

We're going to talk with the Secretary in a minute about American Energy Independence and the role that this company, this facility, and this process plays. So excited to have the

0:25.0

conversation with the Secretary.

0:34.8

What'd you think? Well, it was fantastic, but to be on a brand new ship, like this is pretty special.

0:42.3

Brand spanking new, like this is the first cargo it's taking.

0:46.3

This is like not even out of the showroom, brand new.

0:49.3

I mean, look at that. There's a spotless.

0:52.3

Yeah. This is definitely coordinated for you. I have a suspicion.

0:55.0

But it's beautiful.

0:56.0

I think they coordinated for you, Dave.

0:58.0

They heard you were coming.

0:59.0

Doug, they were saying in 2008 this facility was basically bankrupt.

1:04.0

Yes.

1:05.0

And this has been a development project since about 2012, and it went from practically nothing to the largest LNG exporter in the world.

1:12.6

In 13 years.

1:13.6

In 13 years.

1:14.6

And prior to that, when it was originally built, because this is before the amazing miracle of the whole shale revolution in our country.

1:23.6

Without that, this was being built as a LNG import facility.

1:29.1

That was the original thing.

1:30.1

We're going to have to import LNG to America.

...

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