ABSTRACT of Presentation
THIS REGULAR GENERAL MEETING LUNCHEON EVENT WILL BE HELD IN PERSON AND ALSO VIA WEBINAR. TO REGISTER FOR THE IN-PERSON MEETING, PLEASE RETURN TO THE EVENTS PAGE FOR THE IN-PERSON LINK
U.S. Representative Dan Crenshaw of Texas's 2nd Congressional District will be speaking about important issues affecting Houston's Energy industry.
Global Energy demand is expected to rise by 25-30% over the next two decades, and Houston, as the energy capital of the world, is well poised to meet that demand. However, calls to dismantle the fossil fuel industry ignore the innovation that the petrochemical complex continues to drive, providing low-cost energy and materials to the whole world. We’re at a tipping point –as both Wall St and Capitol Hill stand downstream of a culture that has gotten more antagonistic towards the American energy industry.
The choice between clean energy and fossil fuels is not a binary one. Following the successes of the fracking revolution, innovation in the oil and gas industry can continue to provide cheap and clean energy to the United States and the rest of the world – reducing our emissions further than models based on heavy-handed regulations ever predicted. Clean, cheap, American energy hinges on our scientists, our engineers, and institutions finding solutions to more efficient exploration, production, and transportation of hydrocarbons, as well as carbon capture, utilization, and storage.
If America doesn’t act, the same growing global demand will be filled by foreign competitors, like Russia with their lackluster standards across their whole energy industry. Even worse, if the current anti-fossil fuel ideology continues, vulnerable communities in America and abroad could see price hikes in goods, fuel, and power that will hamper prosperity and development. This is why American energy independence and innovation is needed more than ever before.