World’s Leading Oil Producers
ence on Democrat politics and policy- making, and through its fervent oppo- sition to the Trump administration’s efforts to unleash American energy.” If carbon fuels are public enemy
No. 1 to those activists, AI data farms are apparently a close second. In March, Vermont Independent
Sen. Bernie Sanders and New York Democrat Rep. Alexandria Ocasio-Cor- tez teamed up to unveil a bill that would temporarily ban new AI data center development, stating a need to give the federal government “time to create strong federal safeguards for AI.” They highlighted AI’s thirst for
power as one major concern. In the next seven years, domestic
demand for electricity is expected to jump 25%. And between now and 2050, global electricity demand is slat- ed to jump by 50%. The obvious dilemma: how to tur-
bocharge U.S. energy development to meet the growing demand, especially given the fact that many progressives would like to pull the plug on carbon- based fuels altogether. Moore, who cofounded the advoca-
cy group Committee to Unleash Pros- perity, and many other experts favor an “all of the above” approach that would minimize regulatory burdens while letting free markets, rather than regulations and government subsidies, determine the winners and losers. “We have so many options with
T
he United States now pumps more oil than Russia and Saudi
Arabia combined — nearly 23 million barrels of oil a day.
Country USA
Saudi Arabia Russia Canada China Iran UAE Iraq
Oil Production* 22.8
10.9 10.5 6.0 5.3 4.6 4.5 4.5
*Million barrels per day as of 2024 SOURCES: U.S. Energy Information Administration; Statista
energy,” Moore notes. “The best solu- tion is to let a thousand flowers bloom — oil, gas, coal, nuclear power, geo- thermal, etc. Just get the government the hell out of the way, and let the market work.” Joel Yu, senior vice president of Enchanted Rock, a Texas-based com- pany that specializes in building reli- able power solutions for businesses, communities, and critical infrastruc- ture, agrees an “all of the above” approach is key. “Improvements to infrastructure
permitting processes and market reforms are necessary to accelerate U.S. energy infrastructure develop- ment,” Yu tells Newsmax, “while maintaining reasonable environmen- tal protections.” The massive federal subsidies for
wind and solar have been estimated at close to $200 billion over the past five decades. “And still to this day,” Moore notes, “they represent a pretty small addition to our energy, so it’s not scalable to the demands of the 21st century, period, hard stop. “You’re not going to power robotics
and AI and data centers with windmills — I mean, it’s just stupid,” he says. Meanwhile, Baron Lamarre, cofounder of the IndexLitro digital asset platform and former head of trading at Petronas, Malaysia’s nation- al oil company, says the real question is whether cleaner energy “should be forced through prohibition or driven by technological advancement.”
“We have so many options with energy. The best solution is to let oil, gas, coal, nuclear power, geothermal, etc. — bloom. Just get the government the hell out of the way, and
let the market work.” — Stephen Moore, economist
Lamarre calls responsible drilling
and exploration “a pragmatic middle path,” telling Newsmax, “A strong economy is better positioned to fund research, deploy new technologies, and build modern infrastructure than one strained by artificial shortages.” Moore sees the AOC-Sanders anti-
carbon crusade as “not just a war on energy, but a war on prosperity.” He calls energy the “master resource” any society needs in order to thrive. “Everything we have is derivative
of energy,” Moore points out. “So if you don’t have energy, you can’t pro- duce much of anything.” While acknowledging we hit a
bump with the Iran war, Moore fore- sees a day when America’s energy future will be independent of Middle East energy. “We can have a future where we
don’t need the Middle East any lon- ger,” he says, “and where we can pro- duce as much of the energy here at home as we possibly can.” The reality of carbon fuels: Coun-
tries that control global energy enjoy an enormous economic advantage over those that don’t. “It used to be Saudi Arabia,” he explains. “Just by shutting off the spigots, they could put the U.S. economy into a deep recession. “We don’t want to have that kind of knife at our throats any longer.”
MAY 2026 | NEWSMAX 9
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