Texas Oil and Gas Insights: LNG Exports, Legislative Impact, and the Future of Natural Gas

In this episode of Energy Newsbeat – Conversations in Energy, Stuart Turley discusses key topics with Steve Reese, CEO of Reese Energy Consulting, and Karr Ingham from the Texas Alliance of Energy Producers. They explore the role of Texas in the energy sector, focusing on natural gas and oil production, the state's influence on energy markets, and the challenges posed by legislation and regulation. The conversation highlights the economic significance of oil and gas in Texas, the state's approach to balancing renewable energy, and the global demand for U.S. LNG. The trio also discusses the ongoing legislative session and the future of energy in the U.S., emphasizing the importance of free-market solutions. This was a huge conversation about the Texas oil and gas markets and it's impact on the global energy market. Texas is impacting the world. Natural gas is not a bridge fuel; it is part of the change in molecule demand. Electricity demand is growing, and how it is generated matters. The EIA has stated that the US has continually lowered its emissions, and the largest reduction was closing coal plants and increasing to natural gas. We are seeing this same global trend in shipping and long-haul trucking. Let's save the environment, while being fiscally responsible is a vast topic. Please reach out to Steve Reese on his LinkedIn here: https://www.linkedin.com/in/steve-reese-185a86/ Reese Energy Consulting Website: https://reeseenergyconsulting.com/ Please reach out to Karr Ingham on his LinkedIn here: https://www.linkedin.com/in/karr-ingham-9b62333a/ Check out the Texas Alliance of Energy Producers site here: https://www.texasalliance.org/ Follow the Texas Alliance of Energy Producers on LinkedIn here: https://www.linkedin.com/company/texas-alliance-of-energy-producers/posts/?feedView=all Thank you, Steve, for your energy, leadership, and sponsoring the Energy News Beat Daily show. - Stu Karr, it was an absolute thrill to spend some time with you, and I am really looking forward to our next visit about all of the great things you are doing for Texas and the energy producers. - Stu Highlights of the Podcast 00:00 - Intro 00:34 - Steve Reese Introduction 01:04 - Karr Ingham Introduction 02:52 - Texas Legislative Session Impact 05:00 - Texas Oil & Gas Economic Impact 07:50 - Texas Energy Mix: Gas, Coal, Wind, Solar 08:39 - LNG Exports & Economic Impact 09:43 - Renewable Energy Failures in Spain/Portugal 10:36 - Natural Gas as a Solution 16:06 - Need for Natural Gas 20:33 - Texas Election Trends 27:11 - Texas LNG & Oil Exports 32:06 - Permian Basin’s Energy Role 39:27 - UK’s Windfall Tax on Energy Companies 42:31 - Future of Texas Energy 47:48 - Contact Information of Karr Ingham 48:20 - Reese Energy Consulting Website