Kelcy Warren Supports Diverse Mix of Energy Sources
As the seasons change, it becomes increasingly important to focus on energy needs. We are reminded of the significance of energy in our everyday lives. From keeping the electrical grid operational to keeping homes warm and making hot food, from the significance of maintaining energy security in our nation to the influence that energy has on the quality of life for people all over the world, we are acutely aware of the significance of energy.
While discussions about the world’s energy resources continue to shape national and global headlines, there is one fact that simply cannot be overlooked. That is, the availability of energy that is both affordable and easily accessible is essential to the maintenance of our standard of living, as well as the growth of our economy.
Global Demand For Energy
At the moment, fossil fuels, which include oil and natural gas, are the source of around 80% of the world’s required energy supply. Demand for energy is expected to increase in tandem with population growth. The unpleasant truth is that approximately three billion people throughout the globe live in energy poverty. The World Health Organization estimates that close to four million people pass away every year from illnesses that have been linked to household air pollution. These illnesses are primarily caused by emissions from heating and cooking with “dirty” energy, such as wood, plant waste and even dung.
On the opposite end of the spectrum, affluent nations that have based their economies on oil, natural gas, and coal are pushing for significant cutbacks in both the production of these fuels and their use. And global banks, who control access to the majority of the world’s finance, are making it increasingly difficult for developing nations to acquire backing for the construction of fossil fuel infrastructure.
People living in distressed conditions all across the world face lower living standards and less economic prospects as a direct result of policies and finance strangulation that restrict the supply of fossil fuels. These limitations also provide significant geopolitical dangers to the United States and other nations in its alliance.
Kelcy Warren is Executive Chairman for Energy Transfer. “We are fortunate to have vast reserves of oil and natural gas throughout the United States,” Warren states. “These reserves can support our domestic energy needs and supply international markets for decades to come.” Kelcy Warren continues, ”We are proud to be in a position to help these developing countries through our natural gas export operations, and we believe that increasing the availability of natural gas around the world will have the greatest impact on reducing carbon emissions. This is one of the reasons why Energy Transfers is so excited about our natural gas export operations. Natural gas liquids (NGLs) are exported by us at a rate that is higher than that of any other country or company in the world.” Notably, the volume of NGLs shipped out of the country by Energy Transfer accounts for around twenty percent of the global market.
In Support of Blended Energy Sources
When it comes to the production and maintenance of a diverse array of energy sources, natural gas is an indispensable element. Natural gas, in its abundance, will continue to play a significant part in the process of supplying the world’s energy demands of the future. This is true even when the global mix of energy resources continues to shift.
The energy policies that Europe has implemented over the last two decades, recently affected by events in Ukraine, have brought to light the dangers of decreasing domestic supplies of fossil fuels and placing an excessive amount of reliance on sources of renewable energy. “There is a straightforward answer to this problem, says Kelcy Warren, “which is to combine the existing fossil fuel resources with emerging technology in order to encourage the growth of a diverse portfolio of energy resources around the globe.”
“This is the scenario that makes the most sense,” continues Kelcy Warren. “It’s also the quickest way to reduce emissions while simultaneously improving the quality of life for billions of people in developing nations around the world. This is the goal of Energy Transfer, and represents our hope in the new year and beyond.” Learn more about Kelcy Warren on Forbes: https://www.forbes.com/profile/kelcy-warren/
