Wednesday, October 15, 2014

The Outlook on Energy Is Better Infrastructure

This week I joined state energy officials at their annual Winter Energy Outlook Conferenceto talk about our nation’s energy environment.
EIA Winter Energy OutlookAs we know, propane production is skyrocketing. The U.S. Energy Information Administration and the pipeline operator Enterprise agree that propane will experience significant production growth over the next five years. Because propane is made right here in the U.S., it can help make us more energy secure and independent than we have been for generations. Propane also helps provide Americans with a cleaner environment to live and work in by producing fewer greenhouse gas emissions than conventional fuels in most applications.
The consequence of having this abundant supply of propane and other renewable resources is a strain on our nation’s energy infrastructure, which is old, inadequate, and congested. The expanding natural gas supply and crude oil transportation from the Bakken formation are straining both our railroad service and pipeline system while disrupting the reliability of services of other key commodities like propane and grain. Another consequence is a doubling of our country’s export capacity for propane and other NGLs to take advantage of the plentiful supplies.
Investments are being made to modernize our nation’s energy infrastructure, with plans that include building a new smart grid and putting more pipelines into large consumer areas. As for exports, it’s important that Americans continue to have the propane they need, so that future generations can continue to enjoy energy independence and a clean environment.
-RWW

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