The Norman Transcript

Headlines

March 6, 2013

Modern energy: Facts and myths

NORMAN — As the United States navigates a volatile, uncertain and rapidly changing era in energy production and consumption, industry professionals and experts must identify key obstacles and seek creative solutions inside U.S. borders that will stabilize the nation’s industry, economy and future.

The University of Oklahoma Energy Institute at the Price College of Business attempted to illuminate the facts and address these complicated questions Tuesday in a day-long energy symposium on the OU campus.

Featuring three panel discussions combining researchers, industry executives and government professionals with keynote addresses by Gov. Mary Fallin and Adam Sieminski, U.S. Energy Information Administration administrator, the day was an intensive analysis of U.S. potential in tomorrow’s energy arena and the pitfalls it faces today.

The day’s panel discussions tackled such complex topics as the global marketplace, challenges and opportunities for the United States, and ultimately identifying a good strategy for the future.

Natural gas — as the nation’s leading potential for a domestically produced, clean, affordable energy resource — was a major talking point, with experts commenting on its impact on job creation, vehicle production and export potential. Experts in all three panels agreed that natural gas prices need to be adjusted to better reflect production costs, though the feasibility of modifying mass-produced consumer vehicles for natural gas consumption in the near future was debated.

Another universal theme was the enormous potential within the United States for independence and renewed power in the global market, with panelists emphasizing that popular understanding of waning resources is inaccurate and expressing optimism and excitement for the unknown potential within the industry given the nation’s natural gas resources and growing technology.

The single most prominent obstacle identified by more than 80 industry CEOs was policy regulations limiting production.

Panelists described how onshore pipelines are vastly more expensive than undersea pipelines, how permits for drilling/production are very difficult to acquire and how mechanical and equipment regulations and legislation directly conflict. Panelists tangentially named negative public opinion and misrepresentation of energy companies and extraction methods as a major contributing problem.

Text Only | Photo Reprints
Headlines
  • Baker home 3 Moore resident lands in new home 14 months after tornado

    She crawled from the rubble of what used to be her home. The neighborhood was destroyed. It was the afternoon of May 20, 2013, and Jamie Baker was homeless....

    July 30, 2014 1 Photo

  • Additional details come to light in Campus Corner incident involving Sooner recruit

    The 911 call from Pickleman’s Gourmet Cafe early Friday morning brought forth more details from the incident that has Oklahoma running back Joe Mixon under investigation for an alleged assault....

    July 30, 2014

  • Police rule out homicide in Norman woman’s death

    Norman Police Capt. Todd Gibson said Tuesday they have eliminated the theory of homicide after a Norman woman was found dead in her home Monday afternoon. “We’re moving in a different direction with the investigation,” Gibson said. “It’s ...

    July 30, 2014

  • Voter registration deadline is Friday

    Friday is the last day to apply for voter registration to be eligible to vote in the Aug. 26 Runoff Primary Election. Races include federal, state and county offices, but for Cleveland County voters, the field is limited....

    July 30, 2014

  • Norman High student argues his way to the top

    Knowing the ins and outs of an argument that involves complex research is the type of skill one expects a high paid attorney to have not a high school student. Yet debate competitor Nicky Halterman has been arguing his way to the top of ...

    July 30, 2014

  • Senate approves new VA secretary

    WASHINGTON — The Senate on Tuesday unanimously confirmed former Procter & Gamble CEO Robert McDonald as the new Veterans Affairs secretary, with a mission to overhaul an agency beleaguered by long veterans’ waits for health care and VA ...

    July 30, 2014

  • Tampering accusations surface in OKC bombing case

    SALT LAKE CITY — A Utah lawyer suing the FBI over his public records request for surveillance videos from the 1995 Oklahoma City bombing said Tuesday that one of his witnesses backed out after being visited by government officials last ...

    July 30, 2014

  • Shelter construction ongoing; residents voice concerns

    A regular quarterly meeting of the Animal Shelter Oversight Board prompted Norman residents to speak up about more than just a photo release issue Monday night involving Friends of the Animals of Norman volunteers and the city of Norman. ...

    July 30, 2014

  • Senate passes highway bill, sends it to House

    WASHINGTON — The Senate on Tuesday voted to change the funding and timing of a House bill to keep federal highway funds flowing to states in an effort to force Congress to come to grips with chronic funding problems that have plagued ...

    July 30, 2014

  • Police log

    Police responded to the following incidents Monday: · 8:20 a.m. larceny report, 2000 block of West Lindsey Street · 9:04 a.m. stolen vehicle, 3400 block of Bart Conner Drive · 9:11 a.m. larceny report, 1200 block of Ed ...

    July 30, 2014