Watch CNBC’s full interview with National Energy Dominance Council Executive Director Jarrod Agen
Speakers
Summary
- Jarrod Agen advises on U.S. energy production, permitting, and affordable energy, with a focus on long-term investment in oil, gas, and critical minerals.
- President Trump's energy strategy includes streamlining permitting, unleashing potential in Alaska, the Gulf of America, and Venezuela to avoid global choke points.
- Immediate policy actions: oil drilling off California (Sable Offshore producing 5,000 barrels/day), new refinery in Texas (first in 50 years), and Jones Act waiver for domestic transport.
- LNG production is ramping up quickly; exports to Europe and Asia are increasing, with Alaska LNG potentially reaching Asia in 8 days, enhancing efficiency.
- Refining infrastructure: new refinery in Brownsville for U.S. crude; Gulf refineries are eager to process Venezuelan heavy crude, which could spur more investment.
- Critical minerals receive a $12 billion investment via Project Vault and global ministerial alliances to secure supply chains and prevent dependencies.
- Fertilizer prices are addressed through Jones Act waiver, showing broader commodity focus amid the Iran war context.
- Optimism on Iran negotiations: oil prices down to the 80s, attributed to President Trump's negotiation skills and domestic supply moves.
- U.S. allies like Japan are seeking alternative energy sources from the U.S., indicating growing demand for American exports.
- Key uncertainty: Speed of ramping up production and effectiveness of global partnerships in mitigating supply disruptions.
- Market implication: Increased U.S. energy exports could lower global prices and enhance energy security for allies.
- Narrow niche: Focus on Venezuela for crude supply to Gulf refineries could reshape Western Hemisphere energy dynamics and refining capacity.
Trade Ideas
Agen stated that LNG production is ramping up very fast, with exports to Europe and Asia increasing, and Alaska LNG can reach Asia in 8 days. Policy actions under President Trump, such as permitting streamlining and investment, are accelerating LNG export capabilities and reducing timelines. Direction LONG because increased LNG production and exports signal growth and rising demand in the LNG market, supported by government initiatives. Geopolitical tensions, regulatory hurdles, or slower-than-expected ramp-up could hinder growth and export targets.
Agen mentioned a $12 billion Project Vault investment by Ex-Im Bank and a global ministerial summit to secure critical minerals supply chains through international partnerships. Significant capital inflow and collaborative alliances aim to reduce dependency on single countries, ensuring stable supply for Western economies. Direction LONG because substantial investment and global coordination indicate strong future growth and strategic importance of critical minerals. Supply chain disruptions, mining challenges, or insufficient global coordination could limit effectiveness and growth.
Up Next
This CNBC video, published March 24, 2026, features Jarrod Agen discussing LNG, REMX. 2 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Jarrod Agen · Tickers: LNG, REMX