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Friday, May 18, 2012 11:00:49 PM
One thing we do know. Domestic energy production is real. It is producing economic growth and energy security. It produces jobs, increases tax revenue and raises public confidence. Domestic oil production is raising global spare productive capacity and more oil productive growth can, in fact, bring down global oil prices. And then there is this, American technology in horizontal drilling and hydraulic fracturing is the envy of the world. It will likely dominate the world’s energy production spotlight and is already transforming the energy future. The question is whether the US EPA will be permitted to extend its war on fossil fuels to limit the use of horizontal drilling and fracking in the US so that the only market for this innovative American technology is for export—along with US coal.
By. Gary L. Hunt
Gary Hunt is President, Scalable Growth Strategy Advisors, an independent energy technology and information services adviser and a partner in Tech & Creative Labs, a disruptive innovation software collaborative of high tech companies focused on the energy vertical. He served as VP-Global Analytics & Data at IHS/CERA; global Division President at Ventyx, now an ABB company; and Assistant City Manager-Austin Texas responsible for Austin Energy and Austin Water.
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