Security in the New Energy Landscape is the title of a recent published study by the Business Executives for National Security Energy Council. The purpose of the study is to assess the geostrategic impact of the unconventional oil and gas revolution.
Edward Blessing of Blessing Petroleum, Dallas, TX, a good friend of mine, co-chaired the study.
Ed has been a speaker and panelist several times at the International Energy Policy Conference, www.energypolicyconference.com which I have chaired each year since 1992.
Ed and his co-chair, the Honorable Thomas White of DKRW Energy state, “Recent revelations of the scope and accessibility of US oil and gas resources have sent tremors through the world’s energy markets, fundamentally shifting international energy politics. Markets are realigning as the United States imports less foreign energy every year. In fact, the United States holds the potential to export energy worldwide. This new energy reality will ripple across the American public policy spectrum, boosting the economy and strengthening national security. With the global economy continuing to depend on foreign fuels, the United States will assume a new level of geopolitical importance. In assuming this status, the United States must reassess certain core tenets of its domestic and foreign policy”.
The study highlights that it is definitely the technology driving the boom along with the shale deposits found throughout the United States. International shale development will also become a key energy factor.
Key market trends and effects are addressed including global energy demand and the role of US oil and gas, infrastructure shortcomings, and considerations for the export of natural gas and crude oil. Factors that could negatively impact the energy industry are regulatory and tax policies.
The study states, “the US shale boom is unique, from its origins to its tremendous global implications…the combination of accessible geology, cost-effective technology, and a robust support and investment system fostered a new industry not replicable anywhere else in the world…New jobs are invigorating the America economy and the US might even maintain being an exporter for the first time in decades.”
I believe the most important statement to take from this study is “the world now treats the US as an energy producer, assigning it even greater geopolitical significance. Yes, America Needs America’s Energy now more than ever!
Together we can create the People’s Energy Plan! Go to www.peoplesenergyplan.com to join the effort. Facebook: America Needs America’s Energy with 7000 supporters plus and growing. — America Needs America’s Energy: Creating Together the People’s Energy Plan!