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
  • Fracking Operation Norman library to host community dialogue about fracking

    Are Oklahoma oil companies an oligarchy that is controlling state policy? Is fracking safe? These and other topics will be the subject of an upcoming Fracking Forum from 7 to 8:30 p.m. Aug. 11 in the Norman Public Library’s Lowry Room, 225 ...

    July 24, 2014 1 Photo

  • Information scarce on ‘dark money’ group in Oklahoma superintendent campaign

    An independent expenditure group that paid for television advertisements opposing State Superintendent Janet Barresi in last month’s primary has not filed required spending reports with the Oklahoma Ethics Commission....

    July 24, 2014

  • Medical examiner says inmate died of an accidental drug overdose

    The Oklahoma Medical Examiner’s Office on Wednesday said a woman found dead in the Cleveland County jail Feb. 23 died of a drug overdose....

    July 24, 2014

  • Ride CART fare free on Ozone Alert Day

    Environmental officials have declared today as an Ozone Alert Day. Passengers ride fare free on Cleveland Area Rapid Transit on Ozone Alert Days....

    July 24, 2014

  • Board votes to delay plan

    OKLAHOMA CITY — Oklahoma’s State Board of Education voted on Wednesday for a second time to delay a formal plan for adopting new education standards in math and English amid opposition to the proposal from three education groups that ...

    July 24, 2014

  • Arizona inmate dies two hours after execution begins

    PHOENIX — A condemned Arizona inmate gasped and snorted for more than an hour and a half during his execution Wednesday before he died in an episode sure to add to the scrutiny surrounding the death penalty in the U.S....

    July 24, 2014

  • Man injured in motorcycle wreck ID’d

    Norman police identified a man transported to Norman Regional Hospital’s emergency room after a two-vehicle collision involving a motorcycle and a car Wednesday....

    July 24, 2014

  • Wine, Organ and Compline at St. Thomas More

    St. Thomas More University Parish, 100 Stinson St., is hosting the Wine, Organ and Compline at 7 p.m. today. The series will begin with a wine and cheese gathering in the atrium, followed by an organ recital presented by guest organist ...

    July 24, 2014

  • 48 dead after Taiwan plane crash

    TAIPEI, Taiwan — Family members of victims of a plane crash were flying to the small Taiwanese island today where the plane had unsuccessfully attempted to land in stormy weather, killing 48. There were 10 survivors, and authorities were ...

    July 24, 2014

  • Felonies filed

    The following persons were charged with felony counts in the Cleveland County Court Clerk’s Office: · Kenneth Leo Turk, 64, aggravated count of driving a motor vehicle under the influence of alcohol · Kelly Revonn Turner, 21, ...

    July 24, 2014