The 2019 Town Hall is Shaping Up to be Revolutionary
Oklahoma is an energy producing state! We have been blessed with not only our great oil and natural gas supplies, but we are leading the pack when it comes to electricity generation from wind.
According to theU.S. Energy Information Administration:
- Oklahoma was the nation's sixth-largest crude oil producing state in 2017.
- As of January 2018, Oklahoma had five operable petroleum refineries with a combined daily processing capacity of almost 522,000 barrels per day, almost 3% of the total U.S. capacity.
- Oklahoma was the fourth-largest natural gas-producing state in the nation in 2017, accounting for 8.6% of marketed production.
- The benchmark price in the domestic spot market for the U.S. crude oil known as West Texas Intermediate (WTI) is set at Cushing, Oklahoma, home to almost one-sixth of the nation’s commercial crude oil storage capacity.
- In 2017, Oklahoma ranked second in the nation, after Texas, in net electricity generation from wind, and Oklahoma's electricity generation from wind surpassed coal's share for the first time in 2016.
With these outstanding numbers the future of Oklahoma's energy industry is bright, but as with everything, the industry is evolving and we must look ahead and chart a path that allows us to create a sustainable future.
The Town Hall Planning Committee has been working diligently to craft this year's Town Hall. Craig Knutson, Town Hall Research Chair, along with the help of the 2019 Town Hall Co-Chairs, Stuart Solomon and Mike Ming, are finalizing the promotional piece that will be sent out to describe the exciting Town Hall Conference. The outline format and background research document for the 2019 Town Hall are also being constructed, and there is no doubt, this will be extremely educational for those who are chosen to participate.
Last week the Academy staff along with the Town Hall Co-Chairs attended theUniversity of Oklahoma’s Energy Symposium. Co-Chair Mike Ming not only attended the symposium, he also took part in discussing the energy issues facing our state, nation and the world, and conducted an interview with former U.S. Secretary of State George P. Shultz, which was shown to those in attendance.
While this year's Town Hall focus on energy is enormously daunting, with the excellent work of the Town Hall Planning Committee and the civil discussions that are sure to result from their work, the recommendations that come from this Town Hall will certainly be revolutionary for Oklahoma's energy industry, economy, and environment.
Lynn Thompson | Apr 29, 2019