Chris Wright

Well, happy to do that, and I just want to say again thanks to the All In for pulling together this amazing team.

Yes.

And Hill and Valley, too.

Thanks, Christian.

When we look back on this day, when historians look back on the challenge of our times, which is like the summit called winning the AI arms race, I think one of the things they're going to conclude is that the reason why the United States won the AI arms race was because of President Trump.

And I'm not saying that as a political statement.

I'm saying that the policy of the Trump administration is more energy fast and an understanding of how important it is for the AI arms race.

And so with that, as you've just outlined, we've got a huge challenge ahead of us.

You know, China is deploying everything.

I mean, they added 94 gigawatts of coal last year, one gigawatt to Denver.

Over 60% of their power is still coming from coal.

They're just pouring

pouring that on.

The Wall Street Journal ran an article yesterday talking about what a great job that China was doing with EVs and with solar.

I read the whole article.

They never mentioned coal.

It's two-thirds of their electrical power.

And so then, just by definition, I mean two-thirds of the EV cars in China should have a bumper sticker that says powered by coal.

So they are, this is a, we're in a race of our lifetime.

They're also doing nuclear, they're doing hydro, they've got no permitting issues.

I mean, they build a hydro dam, it'd be like the equivalent of us putting a dam on the Grand Canyon, what they're doing on the Yangtze.

So we've got real competition.

We can lead in technology, but we haven't been leading on electric production.

So the National Energy Dominance Council, part of the job that Chris and I have, is helping through cut red tape, produce more electricity, whether it's hydro, geothermal, nuclear,

And of course, LNG, natural gas, is a key part of this.

And then bringing back coal and making sure that we stop shutting down base load in America has been a key part of what we're doing.

I was going to say, I mean, the one thing that's already happened, if people are interested in nuclear, which doesn't help us in the near-term race that we're in.

The near-term race, as Chris said, is going to be won by us getting natural gas power online and stop shutting stuff down.

But President Trump signed four executive orders on nuclear about six weeks ago.

And there's been a flood of capital, fresh capital coming in.

We've got a bunch of venture capital going towards nuclear.

you know over over close to a dozen different uh smr startups uh there's a lot of interest going on in that field chris's work with the national labs redirecting that i mean nuclear's got a future but it's it's not the thing we need in the next 24 months right now that's got to keep moving ahead president trump's executive board has helped that but we've got to get focused on getting more power right now

Well, I wouldn't say if, again, back to the immediate need right now, we need more power and we need power for factories that are producing AI, like using Jensen's word.

which I think everybody should stop saying data centers, because a data center, if you have a data center the way America thinks about them, you're processing a shopping claim, it helps the seller, the buyer, and maybe a third party.

If you're processing a healthcare claim, it's a provider, a payer, and a patient.

But in AI, it's general purpose technology.

We're actually literally manufacturing every day over and over more intelligence.

And so that's different.

It's not data centers.

It's AI factories.

And we've taken a look at NEDC at the supply chain.

If any of you are trying to build an AI factory and you need power and you haven't talked to Chris and I and our team inside the White House at the National Energy Dominance Council,

You need to come and talk to us, because we're mapping out, talking to everybody in the industry.

We're a neutral party, but we're saying, here's where the shortages are.

We've talked about things like the Defense Production Act.

We've talked to companies that are producing turbines.

Everything we're doing, we say, hey, you've got to amp up, because some of these people are sleeping on the sidelines, and they don't think there's going to be real demand.

And we're saying, if anything, the demand is underestimated.

So we're trying to jack up the supply into the supply chain.

But please contact us.

We're there.

Think of us not, we're not a group that writes papers.

We're a group that helps people.

We help people build projects.

That's what we do.

AI factory.

AI factory.

Well, it's a fabulous question, Christian, and I'm so bullish on the U.S.

economy, because as our friend Scott, who was just on here before us, but I mean, you take the combination of lower taxes,

dramatically lower regulation, accelerated permitting time.

Just accelerating permitting, there could be a trillion to a trillion and a half dollars stuck in this two to four year federal government permitting thing.

We accelerate that expenditure of capital.

The on-shoring, the greatest economic developer in history bringing foreign direct investment back to the United States, President Trump with these tariffs,

What did we announce in Pittsburgh?

$15 trillion.

That's coming back.

So with AI, software has always been the one thing that's extended human capability more than any other in our lifetimes.

And now with AI, it's just a massive multiplier of that.

But to make the factory happen, we're going to have an explosion in jobs in the trades.

I mean, you're going to be able to skip college, go directly into develop a trade.

You don't make $150,000, $120,000 to start in my home state.

And again, and for people that are spending money on site selection, I'll tell you one thing.

You want to build it faster, go to where the stranded gas is.

Build your power plant there.

Build the AI factory next to it.

You don't have to permit a transmission line.

You don't have to permit a pipeline.

Those are the two things.

Linear infrastructure has been weaponized by the people that are opposed to energy development in this country.

They weaponized the blocking of those things.

I say pipeline.

You say protest.

100%.

So go to the same place and co-locate.

President Trump himself has said in speeches, we're going to let you operate off the grid.

We can build all this stuff and keep rates for electricity for small businesses, consumers down because we've got to add to the supply.

But, you know, which if you're going to go to where the gas is, there's sweet places to go.

The Marcellus, the Permian or the Bakken.

And you can save tens of millions hiring site selection guys.

Go find the people with stranded gas and get going.

What you're going to see is tariffs on U.S. exports come down across the world. President Trump's message has been free and fair trade, reciprocal trade. I'm talking to foreign leaders all the time, and they want two key things. They want to buy more American products. I'm talking to them mostly about energy. And they want to invest more dollars in the United States.

What you're going to see is tariffs on U.S. exports come down across the world. President Trump's message has been free and fair trade, reciprocal trade. I'm talking to foreign leaders all the time, and they want two key things. They want to buy more American products. I'm talking to them mostly about energy. And they want to invest more dollars in the United States.

What you're going to see is tariffs on U.S. exports come down across the world. President Trump's message has been free and fair trade, reciprocal trade. I'm talking to foreign leaders all the time, and they want two key things. They want to buy more American products. I'm talking to them mostly about energy. And they want to invest more dollars in the United States.

People who are driving policy, the media, politicians, they've never bothered to learn anything about climate change. And they don't seem to appreciate at all that the cost and affordability of energy... is simply intimate to human well-being. It always has, everywhere and always.

People who are driving policy, the media, politicians, they've never bothered to learn anything about climate change. And they don't seem to appreciate at all that the cost and affordability of energy... is simply intimate to human well-being. It always has, everywhere and always.

People who are driving policy, the media, politicians, they've never bothered to learn anything about climate change. And they don't seem to appreciate at all that the cost and affordability of energy... is simply intimate to human well-being. It always has, everywhere and always.

So these two ignorances about the importance of energy and about real facts about climate change are driving just a massively destructive movement. Not just destructive to the economic well-being of humans, But I speak in schools. It's turning people away from science.

So these two ignorances about the importance of energy and about real facts about climate change are driving just a massively destructive movement. Not just destructive to the economic well-being of humans, But I speak in schools. It's turning people away from science.

So these two ignorances about the importance of energy and about real facts about climate change are driving just a massively destructive movement. Not just destructive to the economic well-being of humans, But I speak in schools. It's turning people away from science.

And I mean science, this process of questioning and challenging, not the science, this sort of top-down mandates that justify what people want to do anyway.

And I mean science, this process of questioning and challenging, not the science, this sort of top-down mandates that justify what people want to do anyway.

And I mean science, this process of questioning and challenging, not the science, this sort of top-down mandates that justify what people want to do anyway.