By November 21, 2018 0 Comments Read More →

Keeping the energy revolution rolling

The doomsayers were wrong.

America’s energy future is brighter than ever before, thanks to a innovation-driven revolution that started over a decade ago. That’s why the International Energy Agency predicted earlier this year that the United States would meet 80 percent of global growth in oil demand over the next five years.

We owe this revolution not to central planners in Washington pushing green energy handouts, but to entrepreneurs and the innovations of the free market.

New technology like horizontal drilling and hydraulic fracturing have made accessible energy reserves once thought unreachable. Continued advancements in management, data analytics, and automation have reduced average break-even prices and allowed for investment to continue flowing despite relatively low global oil prices. These developments have already kept the shale oil and gas boom going longer than naysayers predicted.

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Posted in: Opinion

About the Author:

The Louisiana Oil & Gas Association (known before 2006 as LIOGA) was organized in 1992 to represent the Independent and service sectors of the oil and gas industry in Louisiana; this representation includes exploration, production and oilfield services. Our primary goal is to provide our industry with a working environment that will enhance the industry. LOGA services its membership by creating incentives for Louisiana’s oil & gas industry, warding off tax increases, changing existing burdensome regulations, and educating the public and government of the importance of the oil and gas industry in the state of Louisiana.

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