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Harold Hamm says Trump should start slashing oil and gas regulations here

Trump campaign advisor and oilman Harold Hamm said Wednesday the U.S. government has done everything in its power to impede oil and gas production.

President-elect Donald Trump has vowed to boost the nation's oil, natural gas and coal production by rolling back regulations and increasing drilling on federal lands.

"There's so many of these overreaching regulations that's gone on. My goodness. We called it death by a thousand cuts, and that's exactly what it was intended to do," Hamm told CNBC's "Power Lunch."

But while oil producers were supposedly being bled dry, U.S. wells were gushing.

President Barack Obama's two terms have...