Managing the Conflict Between “Going Green” and Preventing Disastrous Energy Shortages – Permian Basin Is a Global Strategic Asset
November 29, 2022We have shared our views about the importance of more aggressive development of oil & gas reserves as a critical component of a U.S. response to the escalating struggle between autocratic regimes and democracies. We have pointed out that there really is not a conflict between green energy and fossil fuels in the near term. And, Tom Friedman of the New York Times best articulated that position as we discussed in our blog post earlier this month . However, two highly respected investment analysts in the O&G industry, Dan Pickering and Tom Petrie, addressed a Hart Energy Conference in Midland last week underscoring just how critical the Permian Basin is to U.S. oil production, and more importantly, the U.S. has the ability to substantially ramp up its production of hydrocarbons as a means to soften the blow of foregone Russian O&G supplies.
We at First Keystone are 100% behind the policies that Petrie and Pickering are advocating, and thus, we continue to offer for lease industrial warehouses in Pecos, the hub of the Delaware Basin.
The opinions expressed above reflect only those of the author and do not represent those of the First Keystone Pecos Industrial Park organization. First Keystone welcomes responsible fact-based discourses on these topics.
Managing the Conflict Between “Going Green” and Preventing Disastrous Energy Shortages – Revisited Again
November 2, 2022There’s a vicious war going on in Europe and it’s clear that Putin sees it as a struggle against the West in general and the U.S.A. in particular. The oil & gas industry needs to step up! First Keystone continues to be part of the solution by offering new industrial buildings for lease as our way of supporting critical companies that support oil & gas production and transportation in Reeves County (Texas’ #1 for NG production) to win the war against the USSR! (Oooops! Another slip!)
We have been sounding the alarm about the unwarranted perceived conflict between going green and developing fossil fuel resources more aggressively. No less an authority than Tom Friedman of the New York Times – many oil & gas people are dismissive of this publication, but shouldn’t be – weighs in on it. Those of you with preconceived notions will be very surprised when you read this article…
The opinions expressed above reflect only those of the author and do not represent those of the First Keystone Pecos Industrial Park organization. First Keystone welcomes responsible fact-based discourses on these topics.