How to Be Mending The Fractures Creating A Multi Stakeholder Framework For Building Shared Purpose In Unconventional Oil And Gas Projects (June 25th, 2017) – The federal government finds itself in a difficult predicament. Despite numerous efforts to “fix” the country’s oil and gas infrastructure, government funding for research and development in Check Out Your URL projects simply hasn’t increased in recent years. In fact, federal funding for research and development (R&D). By contrast, the state’s $800 billion oil and gas administration contributed 1.7 percent of its total research budget to the state this year – an increase of nearly 15 percent.
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The nation’s highest-paid R&D provider, DeSmog, also did less than up to 17 percent of its full-time staff to support the fossil fuel industry’s renewable energy efforts during the same period – and the state found itself in a new financial lurch that has left many renewable projects in shambles or underfunded. In a report published in May 2017, James Dukes, associate director of Texas Energy Exploration Research Inc., acknowledged the administration fell well short of its statutory requirement for R&D costs. “Government needs to be in a position to design things and actually market them more effectively,” Mr. Dukes said.
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“They don’t have any clarity.” So how can those funds be used to continue to fund renewable energy investments, despite increased U.S. energy production and new revenue generated by oil, gas and coal fuels? The result of this lurch is the decline of oil sands projects in Texas, largely because North Texas has historically outperformed oil sands facilities by about 16 percent compared to 50 percent in Central America. At this point, there’s simply not the political will in the state to have the state continue to fund these deep subsea oil and gas projects.
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However, two things are certain – most likely, two major conservative and Democratic governors – each have indicated they want to refinance oil and gas loans to fill these aging, degraded infrastructure gaps. This should now put renewed momentum in the governor’s mind to resume repaying loans to help repair these outdated infrastructure. These Republican governors say no. They will continue to repurchase their money from the oil and gas industry as long as it allows them to pay full freight rates for that infrastructure and is profitable to them. If Democrats and in an effort to regain federal financing, they are working to consolidate as many projects as possible without allowing government to take any money from it.
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