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Oil industry to power Houston economy for decades
Fuel Fix ^ | July 25, 2012 | Zain Shauk

Posted on 07/25/2012 1:40:46 PM PDT by thackney

Deep oil industry roots will keep Houston’s energy-driven economy powering forward over the next half century as the world continues to demand hydrocarbons, a University of Houston professor said during remarks at the Houston Chronicle.

Speaking to journalists during the latest in a series of Chronicle editorial lectures with Houston experts, UH History Prof. Joe Pratt said there was no question where the energy capital has been or will be in decades to come.

“It is still us,” Pratt said, citing the expected dominance of oil and gas in the world energy market through much of the next century.

The industry’s layers in Houston, from oil production and exploration expertise to massive refineries and petrochemical complexes that continue to expand, will ensure that the city remains at the center of the energy world, he said.

“We have the oldest, the largest, and what I’ve come to call the thickest amount of oil and gas activity in the world,” Pratt said.

Pratt said efforts to translate Houston’s oil and gas expertise toward other energy resources – attempts at positioning the city as a center of renewable energy knowledge and technology – have not been effective.

“The things that make you really good in oil and gas aren’t transferable almost at all to solar, for example,” Pratt said.

He said oil and gas expertise could translate to renewable energy in the area of increasing the energy efficiency of petroleum products and perhaps in alternative fuels.

On the recent abundance of domestic natural gas supplies, Pratt said that it was likely that the government would permit exports of liquefied natural gas, which could bring higher prices for energy companies. Natural gas prices in the United States hit their lowest levels in a decade this year because of a massive oversupply, while world prices are much higher.

“I don’t think, politically, we can stop exports of natural gas,” he said.

Pratt is chairman of history at UH. He has written ten books, including Voice of the Marketplace, a history of the National Petroleum Council, and Prelude to Merger, on the history of Amoco Corporation from 1973 to 1998.


TOPICS: News/Current Events; US: Texas
KEYWORDS: energy; houston; oil

1 posted on 07/25/2012 1:40:51 PM PDT by thackney
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To: thackney

Here’s what I don’t understand, why is the show “Dallas” and not “Houston”, considering Houston is where the oil companies are?


2 posted on 07/25/2012 1:43:18 PM PDT by dfwgator (FUJR (not you, Jim))
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To: dfwgator

When they use the expression “bigger than Dallas”, they usually are talking about Houston.

;-)


3 posted on 07/25/2012 1:45:31 PM PDT by thackney (life is fragile, handle with prayer)
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To: dfwgator

The Ewings were into ranching too.
not sure if that had any impact
or maybe the notoriety of “Debbie Does Dallas” in that time period


4 posted on 07/25/2012 1:49:50 PM PDT by nascarnation
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To: nascarnation

Well I guess they had to settle for “Matt Houston.”


5 posted on 07/25/2012 1:50:35 PM PDT by dfwgator (FUJR (not you, Jim))
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To: nascarnation

My theory is, that if the Oilers had the better football team back then, it would have been called “Houston”.


6 posted on 07/25/2012 1:52:46 PM PDT by dfwgator (FUJR (not you, Jim))
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To: dfwgator

http://www.chron.com/life/article/Houston-versus-Dallas-3628080.php#photo-3059471


7 posted on 07/25/2012 2:06:39 PM PDT by thackney (life is fragile, handle with prayer)
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To: dfwgator
Here’s what I don’t understand, why is the show “Dallas” and not “Houston”, considering Houston is where the oil companies are?

OMG. That sounds like a question my 88 year old mother would ask me. If she did, I would look at her cross-eyed and say, "Mom, it's TV."

There's your answer.

8 posted on 07/25/2012 5:22:06 PM PDT by BfloGuy (The final outcome of the credit expansion is general impoverishment.)
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To: dfwgator

They did.


9 posted on 07/25/2012 5:38:00 PM PDT by 38special (Vote for Mitt Romney, he sucks less!)
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