North American Energy Trends and How They Affect the Texas Economy

DALLAS - Feb. 26, 2014 - PRLog -- February 26, 2014  Dallas – North American energy trends and how they affect the Texas economy will be a significant focus of energy executives, government officials and other stakeholders who gather in Dallas March 6, 2014 for the 26^th Annual Texas Energy Council Symposium to be held at the George W. Bush Presidential Library and Museum on the Campus of Southern Methodist University. The theme for this year’s symposium is “Global Texas: The Eyes of the World are Upon You.” The Symposium is held every year to raise scholarships for Texas college students perusing careers in the oil and gas industry or related disciplines.

Symposium speakers hail from all parts of North America, including the U.S., Canada and Mexico. Long a leading consumer of energy, North America should be net a exporter of energy by 2020 according to a September, 2013 study by Wood MacKenzie, a leading global energy research firm. Similarly, the International Energy Agency predicts that the United States will be energy independent by 2030. Many industry experts believe that North American energy independence could happen even sooner.

Energy experts credit technological development, stable legal and regulatory frameworks, established credit and investment banking markets and a robust workforce for the growth in North American energy production. They see significant benefits for all of North America through lower prices for residential and industrial consumers, the return of manufacturing to the United States, improved trade imbalances, less dependence on volatile regions of the world and high employment and wages.

At the same time critics worry about the impact that increased production has on the environment, particularly water and air resources as seen by opposition to the Keystone Pipeline and concerns raised about hydraulic fracturing and its water use.

Symposium speakers will address the sustainability of North American energy supply and pathways for continued development that addressed concerns raised by other stakeholders.

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Press Contacts for more information or Symposium credentials:

Martin Fleming, 469-879-6747

The complete Symposium agenda can be found at:

http://www.texasenergycouncil.org/symposium-2014/

For more information about the Texas Energy Council, please visit:

www.texasenergycouncil.org

The Texas Energy Council (TEC) is a nonprofit, non-partisan organization of professional and educational societies dedicated to serving the energy industry in Texas. The TEC was originally founded in 1988 as the Dallas Energy Council changed to the North Texas Energy Council in 1996, and changed to the Texas Energy Council in 2007. The membership is comprised of over 5000 members from these various organizations. The Council is headquartered in Dallas, Texas. The TEC provides a forum for all energy-related professional societies and educational institutions to communicate issues and transfer technology among its members and the general public. Two elected officers from each organization make up the Board of Directors of the TEC.

For TEC Member Organizations: http://www.texasenergycouncil.org/member-organizations/