♪ ♪ MARIA: AND WE BEGIN THIS SUNDAY MORNING WITH BREAKING NEWS ON THE CONFLICT IN IRAN AND AN ARMADA OF ALLIES READY TO JOIN THE FIGHT. PRESIDENT TRUMP SAYS MANY ALLIES ACROSS THE WORLD WILL BE SENDING WARSHIPS TOWARD IRAN TO ASSIST IN STOPPING IRAN FROM HOLDING THE STRAIT OF HORMUZ HOSTAGE. THE COMMANDER IN CHIEF POSTING THIS OVER THE WEEKEND: MANY COUNTRIES, ESPECIALLY THOSE WHO ARE AFFECTED BY IRAN'S ATTEMPTED CLOSURE OF THE HORMUZ STRAIT, WILL BE SENDING WARSHIPS IN CONJUNCTION WITH THE UNITED STATES OF AMERICA TO KEEP STRAIT OPEN AND SAFE.
HE GOES ON TO SAY, HOPEFULLY CHINA, FRANCE, JAPAN, SOUTH KOREA, THE U. K. AND OTHERS THAT ARE AFFECTED BY THIS ARTIFICIAL CONSTRAINT WILL SEND SHIPS TO THE AREA SO THAT THE HORMUZ STRAIT WILL NO LONGER BE A THREAT BY A NATION THAT HAS BEEN TOTALLY DECAPITATED.
THIS AFTER AFTER THE STRUCK MILITARY SITES ON KHARG ISLAND FOR THE FIRST TIME WHICH IS WHERE IRAN EXPORTS ALMOST ALL OF ITS OIL WITH THE PRESIDENT SAYING MILITARY FACILITIES THERE HAVE BEEN TO OBLITERATED. IRAN CLAIMS OIL INDUSTRY WORKERS ON THE ISLAND ARE SAFE AND UNHARMED, AND IT IS WARNING THAT IT WILL TARGET AMERICAN-LINKED OIL AND ENERGY FACILITIES IN THE MIDDLE EAST IF ITS OIL INFRASTRUCTURE IS ATTACKED. BUT PRESIDENT TRUMP SAYS HE WILL DO JUST THAT IF IRAN DOES ANYTHING TO INTERFERE WITH THE FREE AND SAFE PASSAGE OF HIPS THROUGH THE STRAIT OF HORMUZ -- SHIPS -- WHICH OF COURSE HAS BEEN AT A VIRTUAL STANDSTILL FOR TWO WEEKS SHACKLED BY FEAR OF IRANIAN DRONES READY TO POUNCE ON ANY SHIP RELATED TO AMERICA OR ISRAEL TRAVELING THROUGH THIS KEY WATERWAY WHERE APPROXIMATELY 20% OF THE WORLD'S OIL AND LIQUIFIED NATURAL GAS IS TRANSPORTED EVERY DAY.
THE UNCERTAINTY HAS SENT OIL AND GASOLINE PRICES SURGING WITH BRENT ABOVE $100 A BARREL WEEK AND CRUDE OIL SPIKING 50% SINCE THIS CONFLICT BEGAN TWO WEEKS AGO. JOINING ME NOW IN THIS "SUNDAY MORNING FUTURES REQUEST" EXCLUSIVE OOH LIVE FROM JAPAN FOR TALKS ABOUT ENERGY SECURITY WITH INDO PACIFIC ALLIES IS THE U. S.
INTERIOR SECRETARY, DOUG BURGUM, WHO HAS JUST LOCKED UP SOME $57 BILLION IN SOME 20 NEW DEALS WITH ASIAN PARTNERS AROUND ENERGY SECURITY. SECRETARY BURGUM, IT'S GREAT TO HAVE YOU. THANK YOU SO MUCH FOR BEING HERE.
AND BEFORE WE YET TO ALL OF THOSE AGREEMENTS AND THE DEALS THAT YOU ARE GOING TO BE ANNOUNCING MOMENTARILY, LET ME ASK YOU ABOUT THE STRAIT OF HORMUZ. WILL JAPAN SEND SHIPS TO THE MIDDLE EAST -- MIDDLE EAST TO STOP IRAN FROM HOLDING UP THE STRAIT OF HORMUZ? >> WELL, THE DISCUSSION WITH MANY PARTNERS, AS PRESIDENT TRUMP STATED IN HIS TRUTH, IS HAPPENING, AND THOSE DISCUSSIONS WILL LEAD TO WHO EVENTUALLY WANTS TO PARTICIPATE IN A TASK NOWS -- FORCE TO ENSURE FREEDOM OF-AND-A-HALATION.
CERTAINLY, THERE'S -- NAVIGATION. CERTAINLY, THERE'S MOTIVATION. JAPAN IS A COUNTRY OF 120 MILLION PEOPLE.
93% OF THE OIL THAT THEY RECEIVE COMES THROUGH THE STRAIT OF HORMUZ. KOREA, ANOTHER GREAT ALLY OF OURS IN THE PACIFIC, IT'S OVER 70% OF THEIR OIL COMING THROUGH THE STRAIT OF HORMUZ. SO SO THERE'S A DEEP, VESTED INTEREST IN THESE COUNTRIES PARTICIPATING, AND THE SAME FOR CHINA.
CHINA MANY ITSELF, LARGEST IMPORTER OF OIL IN THE WORLD, 11. 5 MILLION BARRELS A DAY, OVER HALF OF THAT COMING OUT OF THE STRAIT OF HORMUZ. SO THERE'S LOTS OF COUNTRIES SEPARATE FROM THE WAR CONFLICT BUT JUST ENSURING FREE FREEDOM OF NAVIGATION, LOTS OF FOLKS ARE ENTIRELY DEPENDENT ON THIS.
AND IN THE CASE OF, YOU KNOW, CHINA AND IRAN, THIS IS GOING TO BE A DECISION FOR CHINA, ARE THEY GOING TO ALLOW THEIR OWN ECONOMY TO BE HURT BY CONTINUING TO SUPPORT A TERRORIST REGIME THAT'S TERRORIZE TOKING THE WORLD ECONOMY WHEN CHINA, ALL THESE COUNTRIES AROUND THE WORLD ARE CUSTOMERS OF CHINA. THEY'RE ALL BUYING CHINESE GOODS. MARIA: RIGHT.
THAT WOULD BE WITH QUITE EXTRAORDINARY, IF CHINA DECIDED TO SEND WARSHIPS GIVEN THE FACT THAT WE KNOW THAT CHINA HAS IN MANY CASES BEEN SUPPORTING IRAN INDIRECTLY THROUGHOUT THIS WAR AND BEFORE THE WAR. LET'S GET TO THE NEWS THAT YOU ARE BREAKING THIS MORNING, SECRETARY, BECAUSE I KNOW THAT YOU'VE TO GOT A HUGE UPDATE TO SHARE WITH US. HOW MANY DEALS HAVE YOU DONE?
IS IT $56 BILLION IN TOTAL? AND WHAT SPECIFICALLY ARE THESE DEALS ABOUT? >> WELL, I THINK IT WENT FROM -- I THINK WE HAD ONE MORE AFTER THE CONFERENCE CLOSED, WE FRIEND THIS $-- -- WE WENT TO $57 BILLION OVER 22 DEALS, OVER 630 ATTENDEES AT THIS CONFERENCE, THE FIRST EVER INDO-PACIFIC ENERGY SECURITY CONFERENCE LED BY THE UNITED STATES HERE.
AND, OF COURSE, THIS IS ALL OF OUR PACIFIC ALLIES FROM AUSTRALIA, NEW ZEALAND ALL THE WAY UP TO JAPAN. THIS IS, THIS CONFERENCE WAS PLANNED MONTHS AGO COMPLETELY INDEPENDENT OF ANYTHING GOING ON IN THE MIDDLE EAST BECAUSE THIS IS PRESIDENT TRUMP'S ENERGY DOMINANCE POLICY IS ABOUT THE FACT THAT WE NEED TO TO SELL ENERGY TO OUR FRIENDS AND ALLIES SO THEY DON'T HAVE TO TO BUY IT FROM ADVERSARIES, SO THEY DON'T HAVE TO BE DEPENDENT ON SOURCES OF ENERGY THAT CAN BE CONTROLLED OR CONSTRAINED BY A TERRORIST REGIME. SO THIS HAS BEEN PART OF PRESIDENT TRUMP'S ENERGY DOMINANCE POLICY SINCE DAY ONE.
AND, OF COURSE, THIS OVERSUBSCRIBED, SOLDOUT TO CONFERENCE, EVERY SINGLE COUNTRY THAT WAS HERE WE DID A MINISTERIAL MEETING WITH THEM AFTERNOON WITH ABOUT SIX DIFFERENT CABINET AGENCIES INCLUDING DEPARTMENT OF ENERGY, NATIONAL ENERGY. DOMINANCE COUNCIL, STATE, COMMERCE, DEPARTMENT OF INTERIOR, THESE FOLKS -- THE MENSTERS AND THE LEADERS -- MINISTERS, WE HAD THREE PRESIDENTS OF COUNTRIES THAT ARE PART OF THE STATEMENTS IN THE SOUTH PACIFIC, THEY ALL WANT TO HAVE ENERGY SECURITY. THEY SEE THE U.
S. AS A RELIABLE PARTNER. THEY SEE US NOW AS THE NUMBER ONE OIL PRODUCER, NUMBER ONE GAS PRODUCER, NUMBER ONE LNG EXPORT.
AND A NUMBER OF THESE DEALS, ONE OF THE BIGGEST ONES WAS A $10 BILLION OFFTAKE AGREEMENT BETWEEN VENTURE GLOBAL AND ONE OF THE LEADING COMPANIES IN SOUTH KOREA COMING OFF THE BACKS OF OVENTURE GLOBAL ANNOUNCING -- OF VENTURE GLOBAL ANNOUNCING AN $86 BILLION EXPANSION IN THEIR ABILITY TO IMPORT AMERICAN LNG, AND THIS MEANS FANTASTIC JOBS FOR AMERICA ALONG THE GULF COAST AND FOR THESE COUNTRIES HAVING A SUPPLIER THAT'S RELIABLE AND AFFORDABLE. MARIA: AND I KNOW THE PRIME MINISTER OF JAPAN IS GOING TO BE COMING TO THE U. S.
IN THE COMING COUPLE OF WEEKS. WE'RE GOING THE TALK WITH BILL HAGERTY, THE TENNESSEE SENATOR WHO USED TO BE THE AMBASSADOR OF JAPAN, COMING UP. ARE THESE LARGELY PRIVATE SECTOR DEALS?
AND, SECRETARY, ARE YOU EXPECTING THAT THE U. S. WILL BE SELLING TO OIL AND GAS TO JAPAN?
I KNOW LAST WEEK THE PRIME MINISTER MADE A DECISION TO RELEASE SOME OF HER STOCKPILES TO LOOSEN UP THIS MARKET WHERE WE ARE WATCHING OIL PRICES GO HIGHER. >> WELL, TWO THINGS THERE RELATIVE TO THE RELEASE. OBVIOUSLY, THE UNITED STATES TAKING THE LEAD WITH 172 MILLION BARRELS OUT OF THE 400 THAT WERE RELEASED.
BUT, YOU KNOW, NUMBER TWO, IN HELPING LEAD THAT COALITION OF NATIONS TO PUT MORE SUPPLY ON THE MARKET WAS JAPAN. AND, AGAIN, FROM A JAPAN STANDPOINT, WHEN THEY'RE DEPENDENT ON OIL COMING OUT OF STRAIT, GREAT INDICATION OF THEIR PARTNERSHIP WITH THE UNITED STATES AND GREAT INDICATION OF THEIR LEADERSHIP ON THE WORLD STAGE TO JUMP IN AND SAY THEY'RE GOING THE RELEASE A SIGNIFICANT PORTION OF THEIR RESERVES TO HELP MAKE SURE THAT THE, THOSE MOLECULES THAT ARE NEEDED OVER HERE IN ASIA -- THE U. S.
, YOU KNOW, US RELEASING 172 MILLION BARRELS, WE DON'T NEED THE MOLECULES. WE'RE NOT GETTING OIL OUT OF THE STRAIT OF HORMUZ, BUT WE'RE DOING THINGS LIKE THAT BECAUSE WE UNDERSTAND THE IMPORTANCE OF OUR ALLIES IN THE GLOBAL ECONOMY, AND WE UNDERSTAND THAT THE PRICE IN THE U. S.
IS SET BY DLOABL MARKETS. -- GLOBAL MARKETS. GREAT TEAMWORK ACROSS ALL OF THAT.
YES, JAPAN WANTS TO BUY MORE ENERGY FROM THE U. S. AS DOES EVERYBODY HERE.
THEY'D LOVE TO BE BUYING MORE OIL IF FROM ALASKA, PEOPLE ARE EXCITED ABOUT THE ALASKA LNG PIPELINE, SO LOTS OF DEALS AROUND THAT. MARIA: I SEE. >> ONE THING ON ALASKA LNG, IT'S EIGHT DAYS BETWEEN ANCHORAGE AND TOKYO, FIVE OF THOSE DAYS YOU'D BE TRAVELING IN U.
S. TERRITORIAL WATERS ALONG THE ALEUTIAN ISLANDS. THERE'S NO STRAIT OF HORMUZ, NO OPPOSITION TO THE FREE FLOW OF OIL FROM ALASKA TO THESE COUNTRIES LIKE SOUTH KOREA AND JAPAN.
MARIA: YEAH. >> AND THAT'S ONE OF THE REASONS WHY THEY WANT TO BUY FROM THE U. S.
, IS SECURITY OF SUPPLY. MARIA: THAT'S A GREAT POINT. AND I KNOW EARLY IN YOUR TERM, SECRETARY, YOU WENT TO ALASKA TO ACTUALLY DO THE INVESTIGATING THERE.
WELL, THANK YOU FOR GIVING US THIS BREAKING MUSE FROM THE CONFERENCE WHERE -- NEWS -- WHERE YOU'VE GOT ALMOST 700 PEOPLE THERE TALKING ABOUT THIS AND $57 BILLION IN 22 DEALS. THANK YOU, SECRETARY.
