Claremore Daily Progress

Our View

October 9, 2013

Oklahoma energy producers are leading national revolution

OKLAHOMA CITY —

This week, energy leaders, environmental experts, education professionals and a host of other industry specialists will gather in Tulsa for the Third Annual Oklahoma Governor’s Energy Conference.
The conference, which began in 2011 in Oklahoma City, has become an important yearly event and a time when academics, professionals and policymakers can brainstorm on how best to support our state’s energy industry.
As any Oklahoman knows, energy production is an essential part of our economy. In fact, one in seven Oklahomans currently works either for an energy company or a job supported by the industry. And revenue from oil and gas production taxes regularly comes in at hundreds of millions of dollars each year, helping to support Oklahoma schools, public safety and health initiatives.
We’ve all heard the term “economic stimulus,” usually from Washington politicians trying to sell their latest Big Government plan. But the truth is, the best economic stimulus we can give to Oklahoma and the nation at large is to support the remarkable Energy Revolution that Oklahoma producers are at the forefront of. New technologies and drilling techniques spearheaded by Oklahoma producers, like horizontal drilling and hydraulic fracturing, have forever altered the national energy landscape.
In the 1990’s, many people thought that fossil fuels were a dwindling resource. Instead, new innovations have unlocked an extra 100 year supply of natural gas and over a trillion barrels of technically recoverable oil. As a result, the U.S. is now a net exporter of oil, helping to create American jobs and make us less reliant on hostile oil regimes. For the first time, the goal of North American Energy Independence is now within reach.
While new oil and gas reserves have changed the way we look at our energy future, that doesn’t mean that alternative energy sources are irrelevant, especially in Oklahoma.

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