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Buoyant Energy Industries Look to the Future

Blog Post created by ally.ninjaneer Champion on Feb 17, 2017

 

Barry WorthingtonAnd if you look at that being $50 per barrel, that's still a lot of money – I think $150 million a day – leaving the United States.”
— Barry Worthington, U.S. Energy Association

WASHINGTON, D.C., USA, February 16, 2017 /EINPresswire.com/ -- A quiet, green awakening has taken place in energy companies, according to Barry K. Worthington, executive director, U.S. Energy Association (USEA). The companies are much more sensitive to climate issues than they were a generation ago. This has been brought about by young engineers and managers inside the companies, rather than by outside pressure.

 

Worthington speaks to host Llewellyn King on “White House Chronicle,” the weekly news and public affairs program on PBS, scheduled to air on television and radio beginning this weekend.

 

The program devotes an entire episode to USEA's 13th Annual State of the Energy Industry Forum. Speakers from major energy trade associations presented a picture of bouyant industries becoming even more so.

 

Worthington marvels that in the 28 years he has headed USEA, the nation has gone from a scarcity in energy supply to an abundance. In fact, he added, “even an overabundance.”

 

However, Worthington cautions, “We still import more oil than we should – 3 million barrels per day from Saudi Arabia and Venezuela. And if you look at that being $50 per barrel, that's still a lot of money – I think $150 million a day – leaving the United States.”

 

To stem this outflow of dollars, Worthington says there should be “increased domestic production all across the board -- every fuel, every technology.”

 

The program features remarks from top energy trade association executives. They are: Thomas R. Kuhn, president, Edison Electric Institute; Jack N. Gerard, president and CEO, American Petroleum Institute; Dave McCurdy, president and CEO, American Gas Association; and Hal Quinn, president and CEO, National Mining Association.

 

Come see and hear from Barry Worthington at HERWorld17 on March 8 where we'll talk about the energy transition.

 

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