Oil & Gas Journal reports that "anticipated energy demand worldwide by 2050 will be such that industry will need to produce similar levels of oil and natural gas compared with today’s production levels, panelists told the Offshore Technology Conference on May 6."
"In an OTC session entitled “Global Energy Outlook: Shaping the Future,” panelists discussed how industry might help provide affordable and secure oil and gas."
"US Rep. William Flores (R-Tex.) emphasized the need for a robust US energy policy to ensure the nation’s energy security and to strengthen the economy."
“'All we need is for Washington to stop dragging and start pulling,' toward energy security by 2020, he said. Previously, Flores was president and chief executive officer of Phoenix Exploration Co., which was acquired by Apache Corp.