As we welcome autumn and enjoy the cooler temperatures, we acknowledge the importance and impact of energy on our lives, from heating our homes and powering our electrical systems, to ensuring energy security in the United States and our standard of living. While global and national headlines continue to focus on the world’s energy resources, one fact is evident; accessing affordable and readily available energy is essential to our quality-of-life and economic development.
The World’s Energy Needs
Fossil fuels like oil and natural gas currently supply 80% of global energy. As the world’s population grows, so will energy demand. Right now, nearly three billion people around the world live in energy poverty and don’t have reliable access to electricity. Furthermore, nearly four million people are affected by household air pollution each year, according to estimates by the World Health Organization. This is primarily due to using energy sources such as crop waste, wood and other “dirty” energy sources.
Currently, wealthy nations, which have built their economies around oil, natural gas, and coal, call for drastic reductions in the production and use of these fuels. It is becoming more difficult for countries that are less developed to access financing for fossil fuel infrastructure support because financial institutions are creating obstacles to funds.
The poor are disadvantaged when policies and financing restrict the availability of fossil fuels. This can lead to increased reduction in living standards and a decrease in economic opportunities. Geopolitical risks for the United States and its allies also arise from these limitations.
“We are blessed to have large reserves of oil and natural gas throughout the United States that will be able to support our domestic energy needs, as well as supply international markets for many decades to come,” says Kelcy Warren, Executive Chairman of Energy Transfer. Energy Transfer has the largest number of natural gas liquids exports worldwide, representing approximately 20% of the global market.
Kelcy Warren goes on to say, “We are proud to have the opportunity to assist these developing countries with our natural gas export operations. We believe that increasing natural gas availability around the globe will have the greatest impact on reducing carbon emissions.”
Energy Transfer Supports Having a Mix of Diverse Energy
Natural gas is a key component in the development and operation of a wide range of energy sources. It will continue to play an important role in meeting future energy requirements as the world’s energy mix continues to evolve. The risks of decreasing domestic supplies of fossil fuels and over-relying on renewable energy have been highlighted by Europe’s energy policy over the past 20 years. This situation has been worsened by recent events in Ukraine and Russia. “The solution is right in front of our eyes,” says Kelcy Warren. “Combine existing fossil fuel resources and new technologies to help develop a wide range of energy resources around the world.”
“Allowing additional supplies of reliable, clean, and affordable natural gas production and export around the globe is the best and fastest way to reduce global emissions and improve the quality of life in billions of people living in developing countries,” says Warren.
“As a nation, we are fortunate to have vast natural gas reserves that can be safely and sustainably extracted for many decades. This will help support our economy as well as the growing demand for reliable energy worldwide. Although it is most felt during the colder months, it is a message that Americans should remember all year.”
About Kelcy Warren
Kelcy Warren has worked in the oil and gas industry for over 20 years. In 1996, he co-founded Energy Transfer with Ray Davis. The company is now one of the largest publicly traded energy companies in the world. Operating in 18 states, Energy Transfer moves 30% of the country’s natural gas and oil. Warren is on the board of directors of several companies, including Crosstex Energy and SemGroup, LLC. He also serves on the advisory board of the University of Texas at Arlington.