The pressure is mounting for US oil and gas companies. The oil and gas industry is creating jobs, and boosting the economy but is being faced with outside forces willing to shut-down the entire oil and gas sector.
As I have stated time and again, America Needs America’s Energy and the US must have the goal of energy efficiency and environmental preservation. There must be a balance between energy development and environmental preservation.
General Electric has committed $125 million to the building of GE’S Global Research Oil and Gas Technology Center. This center will commit to introducing innovations, improving the environment through research and enhancing oil and gas development through technological advancement.
The oil and gas industry with the support of companies like GE are providing a more secure energy future. Both are leading the efforts for energy and environmental stability and strong economic development.
General Electric sees the importance of the oil and gas industry to America’s Energy Future! GE will be working closely with oil and gas companies and universities.
Another challenge facing the US energy industry is the present Administration’s efforts to slow down the US coal industry. OG&E, for example, has announced that it plans to convert two of its three plants from coal to natural gas.
It doesn’t look like the US coal industry is going away any time soon even though the Environmental Protection Agency recently introduced the plan of cutting emissions from coal/power plants 30% by 2030. The coal industry continues to raise money for investments in the US and abroad.
Unnecessary regulations and legislation will only slow down a much needed energy sector. Coal seems to be the main target. However, natural gas will also be targeted.
This past January, a warning went out that it was important that reduction of electric usage was needed in Texas. The risk of power outages was strongly possible. According to an article by award-winning journalist Loren Steffy, “in January, power plants unexpectedly went offline when the State of Texas needed them most. This time blackouts were averted, but barely”. He goes on to state, “as the threat of rolling blackouts in winter and summer demonstrates, Texas isn’t producing enough electricity to meet our needs”.
A strong energy industry means more jobs, and a more secure economy. A balance between energy and the environment is needed. The US energy industry is leading that effort in a positive way.
The US needs to become less dependent on foreign oil, protect the environment, and strive for energy efficiency.
It is time we come together. It is very important that the US be in a strong position of securing energy reserves within its own boundaries.
Please let me know what you think, go to www.peoplesenergyplan.com
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