“Information sharing is important,” Clay Bretches says here, and he should know. The Andarko Vice President headed up the coordinating subcommittee of the National Petroleum Council as it prepared its first comprehensive study of the outlook for US energy since 2007 this year.
The NPC has a deep history of evaluating US energy risks and opportunities, as it has complied and released studies since the Second World War. Its latest update takes into account the huge changes wrought by new applications of technologies in the natural gas sector, and Bretches says in this video that the resulting increased reserves should “meet even our highest projections of natural gas demand.”
This video is an edited version of Bretches’ presentation to the US Association for Energy Economics annual summit in Washington DC. Discover more videos from the summit and comprehensive coverage of the event here.
“Prudent development is the lynchpin” – Bretches
The study, which is available here for those seeking a deep dive into the subject, notes concerns about operational safety while claiming that the past 50 years have shown the US industry’s track record of safe development. The report also raises some points rarely discussed in the industry, including the need to synchronize natural gas and power markets, which are currently placing new strain on the US power system.
An executive summary of the report can be found here.