Chairman Craddick: "Vital for Energy Infrastructure to Keep Pace with Growing Domestic Oil, Gas Production
AUSTIN, TX Railroad Commission Chairman Christi Craddick this week led a discussion with industry experts on the importance of keeping the development of the nation's energy infrastructure on pace with thriving domestic oil and gas production at the Aspen Institute's 2017 Global Energy, Economy and Security Forum in Aspen, Colorado.
"The recent expansion of domestic energy production in Texas and across the country has created new, high demand for infrastructure to transport our growing energy supply to consumers," Craddick said. "Over the last few years in Texas, our pipeline mileage has increased exponentially, and our ports have seen billions of dollars of investment related to the export of oil, liquid natural gas and other petrochemicals.
"The current energy opportunity presents us with a challenge," Craddick said. "If we want domestic energy production to continue to grow, we need sound policies that allow for the timely expansion of our nation's energy infrastructure. This essential infrastructure will support our economy for the long-term future by allowing us to develop our domestic energy resources to their full potential, providing consumers with low-cost energy options, and reaching energy independence while also supplying energy to our allies overseas."
The forum is an annual convening of nonpartisan thought leaders, creatives, scholars and members of the public to discuss changes in global energy markets and the strong links between energy and national economic and security concerns.