OTC: Robust US energy policy needed to strengthen economy, lawmaker says

Anticipated energy demand worldwide by 2050 will be such that industry will need to produce similar levels of oil and natural gas compared with today’s production levels, panelists told the Offshore Technology Conference on May 6.

In an OTC session entitled “Global Energy Outlook: Shaping the Future,” panelists discussed how industry might help provide affordable and secure oil and gas.

US Rep. William Flores (R-Tex.) emphasized the need for a robust US energy policy to ensure the nation’s energy security and to strengthen the economy.

“All we need is for Washington to stop dragging and start pulling,” toward energy security by 2020, he said. Previously, Flores was president and chief executive officer of Phoenix Exploration Co., which was acquired by Apache Corp.

“I look now, and we have an out-of-control regulatory regime,” Flores said. Last year, he introduced a bill aiming to curb costs and regulations resulting from federal Endangered Species Act closed-door litigation settlements between the US Fish and Wildlife Service and environmental organizations (OGJ Online, Mar. 28, 2013).

“Our country is now on the cusp of becoming energy secure for the first time in decades,” Flores said. “An energy-secure United States is vital for the rest of the world.”

He called hydraulic fracturing the “battery of expanded oil production” and warned that regulatory interference with industry’s use of fracing could “totally gut the energy renaissance we are going through today.”

Christopher Smith, US Department of Energy principal deputy assistant secretary for fossil energy, noted that industry’s “goalposts are always moving” because of changing geopolitics combined with technology enabling offshore drilling in more than 10,000 ft of water.

Contact Paula Dittrick at paulad@ogjonline.com.

Related Articles

Uneven effects seen from new Appalachian pipelines

09/15/2014 Producers in the Appalachian basin will benefit unevenly from markets opening for natural gas from the Marcellus and Utica shales, according to a C...

AAPG ICE: Turkey sees early shale oil development

09/15/2014 Turkey is slightly larger than the state of Texas geographically, yet the country has only seen 4,400 wells drilled since 1940. While Texas’ oil hi...

Giesler joins Miller as chief executive

09/15/2014 Carl F. Giesler Jr. has joined Miller Energy Resources Inc., Knoxville, Tenn., as chief executive officer, replacing Scott M. Boruff, who is now ex...

Miller seeks Buccaneer’s Alaskan assets

09/15/2014 Miller Energy Resources Inc., Knoxville, Tenn., has signed a nonbinding letter of intent to buy Alaskan operating assets of Buccaneer Energy for $4...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected