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Oil and gas holds key to cleaner environment

Enviroment

Mike Sommers promised straight talk to his audience in the heart of the nation’s energy exporting, refining and petrochemicals industry.

Remotely addressing the Houston Economics Club on Wednesday, Sommers, president and chief executive officer of the American Petroleum Institute, offered what he called straight talk about the world’s energy needs as debate swirls around just where that energy will come from.

“The world will need more energy, not less, over the next 30 years,” he stated. “The world’s population is expected to jump from 7.8 billion today to nearly 10 billion by 2050. Energy demand is projected to grow along with population.”

That means there will be a need for more crude and natural gas production in the years ahead, preferably more American production because the nation’s environmental and safety standards are the best in the world, he said.

Renewables are an important and growing part of the energy pie, Sommers continued, but that pie itself is growing as the population grows. “We need more energy across the board to enable both developed and developing economies to grow.”

API and its member companies in the oil and gas industry share global concerns about the climate, Sommers told his audience. But he stressed that, rather than being blamed for climate change, oil and gas can actually provide solutions.

“Climate change is a threat affecting economies worldwide. It’s not an issue that can or should be brushed aside. Yet the key to environmental progress in the world isn’t the Green New Deal. It’s not the Sunrise Movement,” he said. “If you need proof, think about 2010, the last time Congress considered climate legislation. Back then, lawmakers estimated that CO2 would drop by as much as 10 percent below 2007 levels in 2019 if their bill became law. Well, their bill didn’t. Instead, industry innovations like hydraulic fracturing and horizontal drilling increased domestic supply and use of natural gas, and U.S. CO2 emissions declined nearly 15 percent – 50 percent more than what Congress predicted.”

Those innovations are continuing to help the industry reduce emissions, Sommers said, and API and its members continue advocating for ways to accelerate development of emissions-reducing technologies. As he was addressing the Houston Economics Club, Sommers’ organization was releasing a new template for individual oil and natural gas producers to utilize in consistently reporting and tracking greenhouse gas indicators.

API members are demonstrating for further innovation, new economy-wide market mechanisms and sensible policy proposals, he said.

It’s those innovations, many incubated in Texas, that made the US the global energy leader and will lead to the development of fuels that are not only low or net-zero carbon but reliable and affordable, Sommers said.

Oil and gas will continue to play a pivotal role in world energy needs, “whether it’s produced in the US or in other regions” creating jobs and prosperity for those regions rather than the US, he continued.

“The surest way to stall America’s economic recovery is to remove affordable energy from the picture – with more regulations, more restrictions, more taxes. Nothing less than our economy and national security are at stake if Washington handcuffs this industry like that,” Sommers said.

To build a better world for all, he concluded, “it’s imperative to allow energy development and environmental progress. Texas knows how to get us there. That’s the energy reality.”

mrt.com



54 Comments on "Oil and gas holds key to cleaner environment"

  1. FamousDrScanlon on Thu, 22nd Jul 2021 12:10 pm 

    ‘Extraordinary Rainfall’ Drops Year’s Worth In Just 3 Days On China’s IPhone City

    https://www.forbes.com/sites/ericmack/2021/07/21/extraordinary-rainfall-drops-years-worth-in-just-3-days-on-chinas-iphone-city/?sh=444ac5c99f76

    Your gook enemy is getting a climate shit kicking – finally y’all have common ground.

  2. FamousDrScanlon on Thu, 22nd Jul 2021 12:12 pm 

    China Blasts Dam To Divert Massive Flooding That Has Killed At Least 25

    https://www.npr.org/2021/07/21/1018764692/china-blasts-dam-to-divert-massive-flooding-that-has-killed-at-least-25

  3. FamousDrScanlon on Thu, 22nd Jul 2021 12:15 pm 

    China’s port city Qingdao suffers worst algae infestation

    “More than 1 million tonnes of algae are expected to be removed from coastal waters, state-backed China News reported on Monday, citing an expert from the Institute of Oceanology at Chinese Academy of Sciences (IOCAS).

    Qingdao city authorities had dispatched over 12,000 vessels to collect some 450,000 tonnes of algae by last week.”

    https://www.reuters.com/world/china/chinas-port-city-qingdao-suffers-worst-algae-infestation-2021-07-20/

  4. Biden’s hairplug on Thu, 22nd Jul 2021 1:12 pm 

    After Afghanistan, now Syria could become a Chinese client state:

    “Will China rebuild war-ravaged Syria? Here’s why Beijing is doubling down on its newly minted partnership with Assad“

    https://www.rt.com/op-ed/529938-china-rebuild-syria-assad/

    Not exactly the scenario George Soros c.s. had in mind.

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