- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
API CEO to Washington, D.C.: “Meet Energy Demand or Get Out of the Way”
Posted on 1/13/26 at 1:38 pm
Posted on 1/13/26 at 1:38 pm
quote:
At the American Petroleum Institute’s annual State of American Energy event, API President and CEO Mike Sommers framed the coming decade in blunt terms: energy demand is rising fast, and pretending otherwise is no longer a political luxury that the United States can afford.
Looking back nearly two decades, Sommers reminded the audience that in 2007 the U.S. produced just 5 million barrels of oil per day and relied heavily on imports, including from Venezuela. “Energy strength doesn’t happen by chance,” he said. “It is a choice.” That contrast, he argued, explains how the U.S. became the world’s leading oil and natural gas producer while Venezuela collapsed under what he described as “state-sponsored theft and corruption.”
Sommers referred to the next ten years as “the Demand Decade,” warning that “multiple forces are converging to drive up energy needs dramatically.” The question, he said, is not whether demand will materialize, but whether the U.S. energy system can deliver “with the speed, scale and reliability that this moment demands.”
The United States now produces more than 13 million barrels of oil per day and has become the world’s top LNG exporter. Over the past decade, the U.S. has shipped more than 8,000 LNG cargoes, contributing nearly half a trillion dollars to the economy and supporting 275,000 jobs. At the same time, Sommers noted, American producers have driven down emissions per barrel through efficiency and innovation, arguing that “no other country has matched America’s ability to produce more energy with fewer emissions.”
But production alone will not be enough. Infrastructure, Sommers said, is “the hinge point of the Demand Decade.”
quote:
Sommers said voters are rejecting scarcity politics. “We’re done with that,” he said. “The mainstream has moved decisively toward abundance, affordability, and growth.” The choice, he concluded, is clear: “We choose energy success, not surrender.”
LINK
2
Posted on 1/13/26 at 1:52 pm to ragincajun03
quote:
But production alone will not be enough. Infrastructure, Sommers said, is “the hinge point of the Demand Decade.”
energy companies barely want to upkeep what they have (looking at you California) much less improve infrastructure.....they have no incentive to do so. profit for shareholders is all the matters, so good luck in the future
Posted on 1/13/26 at 2:03 pm to Thracken13
quote:
energy companies barely want to upkeep what they have (looking at you California) much less improve infrastructure.....they have no incentive to do so. profit for shareholders is all the matters, so good luck in the future
California is not an energy company.
Energy companies do, in fact, want to “upkeep what they have”, if by that you mean “maintain their equipment and facilities.” Their profit would decline if they didn’t. In fact, this is what happened to Venezuela’s state oil company PDVSA.
Posted on 1/13/26 at 2:09 pm to Thracken13
quote:
profit for shareholders is all the matters
You have to break down who you're talking about here. Many are regulated monopolies that have a fixed return.
Posted on 1/13/26 at 2:11 pm to Penrod
I realize that California is not an energy company, I just could not remember the name and was not inclined to google it - but the fact that they have allowed equipment to degrade to the point of failure, causing massive fires from wires down is proof they do not care.
I do not live in Louisiana, but I read here all the time about how bad Entergy is and their Infrastructure sucks.
my point is, they have no real desire to maintain anymore then they have to because at the end of the day, Electricity is a necessity, and it will not impact their profit - in a lot of regards, there is only 1 player in the game and you are stuck with what they offer - it isn't like you use ATT&T for Cell, it sucks and you go to T-Mobile.
I do not live in Louisiana, but I read here all the time about how bad Entergy is and their Infrastructure sucks.
my point is, they have no real desire to maintain anymore then they have to because at the end of the day, Electricity is a necessity, and it will not impact their profit - in a lot of regards, there is only 1 player in the game and you are stuck with what they offer - it isn't like you use ATT&T for Cell, it sucks and you go to T-Mobile.
Posted on 1/13/26 at 2:20 pm to Thracken13
quote:
I realize that California is not an energy company, I just could not remember the name and was not inclined to google it - but the fact that they have allowed equipment to degrade to the point of failure, causing massive fires from wires down is proof they do not care.
I do not live in Louisiana, but I read here all the time about how bad Entergy is and their Infrastructure sucks.
My mistake. Sorry. By “energy companies” I thought you meant oil companies, solar power companies, etc.
Posted on 1/13/26 at 2:22 pm to Thracken13
The "infrastructure" comment isnt about electricity and operator facilities....... its about pipelines and getting the product to market.
Posted on 1/13/26 at 2:29 pm to msap9020
gotcha - I read the article as energy demand and infrastructure and lumped all of it together - and that was incorrect on my part. I stand by what I said about the electricity and that side of it.
I will not weigh in on pipelines because I would be way off on them
and Penrod, you are good man - I was not upset or anything with your reply - all good
I will not weigh in on pipelines because I would be way off on them
and Penrod, you are good man - I was not upset or anything with your reply - all good
This post was edited on 1/13/26 at 2:30 pm
Posted on 1/13/26 at 4:42 pm to Thracken13
quote:
in a lot of regards, there is only 1 player in the game and you are stuck with what they offer - it isn't like you use ATT&T for Cell, it sucks and you go to T-Mobile.
Those assholes have a profit margin North of 35%. most of not all regulated utilities are in the single digits profit wise. They would all happily invest in new plants and such but it's too easy politically to attack the evil utility. So we get CA regulators shutting down nuke plants and then turn around and wonder why they can't meet base load requirements.
Posted on 1/13/26 at 7:04 pm to ragincajun03
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News