AT DAVOS: PERRY CALLS US ‘BLESSED’ FOR FOSSIL FUEL PRODUCTION

Department of Energy Secretary Rick Perry said Wednesday that the U.S. is “blessed” to provide fossil fuel to the rest of the world.

Speaking at panel on energy transformation at the World Economic Forum in Davos, Perry said countries like the United States and Saudi Arabia were “blessed” for their abilities to provide fossil fuel globally and such countries help give the world a “better quality of life or better opportunities.”

“We’re blessed to be in counties with pretty substantial abilities to deliver to the people of the globe a better quality of life to those fossil fuels,” said Perry.

He added, “I think when we have a bit of a surplus and a bit more feast right now than we do famine, I think that’s good for the globe.”

The oil production rates in the U.S. are currently at all time highs. The U.S. Energy Information Administration forecasts that average crude oil production in 2018 will increase by about 1 million barrels per day from 2017 levels. If true, it would be the highest annual average on record.

Last week, Fatih Birol, executive director of the International Energy Agency, said he foresees the United States becoming the “undisputed leader” in oil and gas production for “years to come.”

But longterm numbers for oil production appear more bleak. Some outlooks for 2025 show production decreasing, which some fear would bring stresses on the energy market. Perry rebuffed those fears, telling the crowd, “we shouldn’t buy into these terrible numbers.”

Earlier Wednesday: ‘Exporting freedom’: In a Fox Business Network interview earlier Wednesday from Davos, Perry declared that by exporting fossil fuels, the United States is “exporting freedom.”

The United States is not just exporting energy, we’re exporting freedom,” Perry said on “Mornings with Maria.”

“We’re exporting to our allies in Europe the opportunity to truly have a choice of where do you buy your energy from. That’s freedom. And that kind of freedom is priceless.”

The former Texas governor further cited the estimate from numerous sources, like the International Energy Agency, that the United States will become the world’s top oil producer this year. It is already the top natural gas producer.

“I’m not sure anything since World War II has been any more dynamic, from my perspective, than the shift in energy supply, energy control if you will,” Perry said of the domestic oil and gas boom of the last decade.

“The United States isn’t about controlling a country with this energy. It’s about literally freeing up our allies around the world, letting them know that we’re going to be there for them. There’s no strings attached when you buy American [liquid natural gas]. So that’s world-changing.”

Read More
%d bloggers like this: