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API's Chief Economist Discusses the 'State of American Energy'


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Statement from Dean Foreman--API's chief economist--in:
MP3 format
Ogg Vorbis format
QuickTime (MPEG-4/AAC) format
Windows Media Audio 9.2 format
(88 seconds)


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-- How Will You Use This Story? --


(FOREMAN):
"
WITH THE START OF ANOTHER YEAR, WE LOOK AT WHERE WE'VE BEEN--AND WHERE WE'RE GOING.  AND, HERE IN 2018, NATURAL GAS AND OIL IS A HIGH-TECH INDUSTRY--USING BIG-DATA ANALYTICS AND THE LATEST TECHNOLOGY, IN PIONEERING WAYS.  WE PROMOTE AND IMPROVE SAFETY, WHILE REDUCING THE IMPACT OF OUR OPERATIONS--USING THE MOST-ADVANCED INFRARED CAMERAS, FIBER-OPTICS, AND DRONES.  WE ENHANCE RELIABILITY, IMPROVE ENVIRONMENTAL PERFORMANCE, AND INCREASE EFFICIENCIES, BY ADVANCING AND APPLYING TECHNOLOGY--FROM 'THREE-D' MAPPING AND SENSOR-TECHNOLOGY, TO MACHINE-LEARNING AND 'PETRO-PHYSICS'.  WE'RE FOCUSED ON COMMUNITIES AND WORKFORCE-GOALS--SUCH AS IMPROVING 'STEM'-EDUCATION AND OPPORTUNITIES IN OUR INDUSTRY, ESPECIALLY FOR WOMEN AND MINORITIES.  WE'RE COMMITTED TO CONTINUAL PROGRESS IN THESE AREAS--BECAUSE NATURAL GAS AND OIL ARE VITAL TO OUR WAY-OF-LIFE, [OUR] ECONOMY, AND HUMAN-DEVELOPMENT.  NATURAL GAS AND OIL PROVIDE THE BUILDING-BLOCKS FOR THOUSANDS OF PRODUCTS THAT WE RELY ON--ALL DAY, EVERY DAY--INCLUDING CELLPHONES, AUTOS, CLOTHING, FURNITURE, AVIATION, MEDICINES, AND OTHER ADVANCEMENTS FOR THE FUTURE.  INDEED, U-S PRODUCERS OF STEEL, CHEMICALS, REFINED PRODUCTS, PLASTICS, FERTILIZERS, AND NUMEROUS OTHER PRODUCTS, NOW ENJOY A GLOBAL COMPETITIVE-ADVANTAGE--THANKS TO LOWER ENERGY-COSTS.  FOR DECADES, OUR INDUSTRY HAS INVESTED BILLIONS OF DOLLARS--TO IMPROVE THE ENVIRONMENTAL PERFORMANCE OF ITS OPERATIONS, FACILITIES, AND PRODUCTS.  AND, TODAY, GREENHOUSE-GAS EMISSIONS IN THE U-S ARE NEAR 25-YEAR LOWS--DUE, IN LARGE PART, TO THE INCREASED USE OF NATURAL GAS IN ELECTRICITY-GENERATION.  WE ARE RELIABLE; WE ARE AFFORDABLE; WE ARE THE FUTURE."

The 2018 "State of American Energy" report was released on Tuesday, January 9th.  For more information, visit energytomorrow.org/soae.



Copyright 2018 North American Network, Inc.

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