Tuesday, July 10, 2012

Unleashing the North American Energy Colossus


The report linked and excerpted below is a very interesting read.  Economic reality dictates that advocates of IPD, BIM and lean processes substantively engage the energy industry in a responsible and timely manner.  The two Americas worth of expanded energy consumption mentioned in the report requires immediate attention.  Renewable energy is critical and deserves careful and continued support and development.  But the reality is the billions of people scrambling up the economic ladder globally deserve affordable and dependent energy.  Renewable energy, at this point, is neither.

The excerpts below come from the Executive Summary of the report.  The entire report deserves your attention.


An affirmative policy to expand extraction and export capabilities for all hydrocarbons over the next two decades could yield as much as $7 trillion of value to the North American economy, with $5 trillion of that accruing to the United States, including generating $1–$2 trillion in tax receipts to federal and local governments. Such a policy would also create millions of jobs rippling throughout the economy. While it would require substantial capital investment, essentially all of that would come from the private sector.

***

In collaboration with Canada and Mexico, the United States could—and should—forge a broad pro-development, pro-export policy to realize the benefits of our hydrocarbon resources. Such a policy could lead to North America becoming the largest supplier of fuel to the world by 2030. For the U.S., the single most effective policy change would be to emulate Canada’s solution for permitting major energy projects: create a one-portal, one-permit federal policy for all permits

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The projected growth in total world energy demand through 2030 is equal to an additional two Americas’ worth of consumption. Every credible forecast shows hydrocarbons fueling the major share of that growth, as they have in the past. While alternative energy has grown rapidly, the overall contribution to U.S. and world supply remains de minimus and stays that way in every credible future scenario. 


Unleashing the North American Energy Colossus



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