Last week 4CED hosted energy thought leader Dr. Dan Fine who spoke on the topic of the future energy outlook under the Biden administration and implications for San Juan County. If you missed it, the meeting was recorded and is posted to the 4CED website.
Watch it here-> https://www.screencast.com/t/ge0EUXjjgqPa
The full article is here-> Full Article by Dr. Fine
“Unlike 1973, and its oil embargo against the United States, there is no supply threat from the Middle East. Consequently, only a demand unknown moves the price of crude oil. Permian/Delaware has displaced the Middle East as a source and even Mexico imports U.S. production.
This has caused euphoria in Santa Fe among lobbyists who prepare for a new Governor from the Democratic Party.
She will have to decide that the rhetoric of renewable energy is no match for her budget bounty made up of revenue flows from Lea and Eddy Counties. Token demonstrations for higher taxes from oil and gas producers no doubt will occur, but in Santa Fe only the price of oil is the threat that can take the punch off the table.
And here the connected experts publicly answer reporters that the Permian is an exceptionalism in oil and gas: it will never become a basin in a downturn.
However, all the charts and slides converge on upward supply without much on demand to offset the upward slope. It is almost impolite to ask where is the market for the massive supply of oil now and in the near-term future? What about demand for oil?
China? Not quite as electric cars – yes, Tesla or Chinese versions appear as I-Phone-like technology against the combustion engine.
California, with 40 million people and seven states following its waiver, can set miles per gallon requirements on engines towards zero emissions.
This is the meaning of President Trump’s policy to force California back into the Union where Washington decides on what the combustion engine can and will do.
This a decisive battle over Climate Change and the “Resist” (Trump) movement of the Democratic Party.
After all, it is California which pledged to support the Paris Climate Change Treaty which Trump opposed.”
“While North Carolina struggles with an ongoing abysmal employment situation, fracking is providing a welcome boon for North Dakota, Pennsylvania, and Ohio, among others. Being a latecomer in the game could have its own benefits, however; as Daniel Fine of the New Mexico Center for Energy Policy has explained, North Carolina is well positioned to survey and adopt the best practices, the best technology, and the best legal landscape. And the Deep River Basin in Lee and Chatham counties offers an especially promising area for development.”
The full one hour video can be seen here–>”North Carolina’s approach to natural gas fracking” —> http://lockerroom.johnlocke.org/2012/02/27/north-carolinas-approach-to-natural-gas-fracking/
On You Tube (2 minutes)—–> http://youtu.be/4Lbn9diK1PA
Podcast: danielfine022712.mp4
Dr. Daniel I. Fine works with the New Mexico Center for Energy Policy. He is a longtime research associate at the Mining and Minerals Resources Institute, MIT. Fine is also a policy adviser on nonconventional oil and gas. He is co-editor of Resource War in 3-D: Dependence, Diplomacy and Defense, and has contributed to Business Week, the Engineering and Mining Journal and the Washington Times. Fine has testified on strategic natural resources before the U.S. Senate committees on Foreign Affairs and Energy and Natural Resources. In this speech, he discusses “Shale Gas Wars: From Pennsylvania to North Carolina.” Fracking’s promise of jobs, growth too compelling to ignore By Jon Sanders John Locke Foundation March 9
Geopolitics, Resource WAR 