Energy independence: is it a reality that will transform the US economy?

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Session recap

How far has the US energy landscape come, and where is it headed? In terms of realizing energy independence, the US has already done much — particularly with domestically harnessed natural gas — and done it well, panelists agreed.

Domestic natural gas is being leveraged as a significant energy source, effectively decreasing our dependence on foreign sources. US oil production is growing. Considering, too, the number of jobs the industry creates, the economic benefits are clear. Transformation, however, is capital-intensive. Regulation is an important consideration. And in parallel with transformation, it’s important to communicate to the public the environmental standards in place.

As a commodity, natural gas fluctuates in price. Increasing its use requires balance: strong pricing encourages production, but production can’t outpace demand. Panelists concluded that energy independence is indeed obtainable, via increasing natural gas production and efficiently using oil. And all forms of energy, including renewables, play a role in an energy-independent future for the US. .

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Energy independence: is it a reality that will transform the US economy?

 

Moderator

 

Marcela Donadio speaks at EY Strategic Growth Forum

Marcela Donadio
EY Americas Oil & Gas Sector Leader

 
Speakers

 

Don Chappel speaks at EY Strategic Growth Forum

Don Chappel
Senior Vice President and Chief Financial Officer
The Williams Companies, Inc.

 
Charles Davidson speaks at EY Strategic Growth Forum

Charles D. Davidson
Chairman & CEO
Noble Energy

 
Robert Nardelli speaks at EY Strategic Growth Forum

Robert Nardelli
Founder, XLR-8, LLC, Investment & Advisory Company
Senior Advisor, Ernst & Young LLP

 
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