Burgum will oversee a newly created National Energy Council tasked with establishing U.S. energy dominance by streamlining regulations and enhancing private sector investment across the economy.
Trump emphasized that the energy dominance policy will help drive down inflation and expand U.S. diplomatic influence globally by allowing increased energy exports to allies.
The council, chaired by Burgum, will cross all executive branch agencies involved in energy production, and Trump hailed this as part of a broader effort to cut red tape.
Trump's energy policies aim to maximize the exploitation of resources like oil, gas, and minerals, which he refers to as 'liquid gold' essential for economic growth.
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