On Bauer Business Focus — A conversation on the technology and future of domestic energy with Houston Public Media News 88.7 Business Reporter Andrew Schneider.
The boom in domestic energy production has opened up a wealth of opportunities for energy security, but it has brought along many concerns with it.
Charles McConnell, executive director of the Energy and Environment Initiative at Rice University, recently stopped by Bauer Business Focus to discuss the latest technology of domestic energy and how it’s affecting production.
The sustainability in energy that the U.S. has seen in the past decade has been a welcomed sight for many. This transformation comes from new fracking technology, McConnell said.
“I think we still have challenges in front of us in the form of public acceptance of fracking technology and the impact of fracking,” McConnell said. “It’s an environmental concern to many, yet the industry continues to move forward and develop techniques and procedures and improve the technology consistently. I think the answer is the industry needs to continue to do what it does safely and responsibly.”
While oil demand grows worldwide, foreign sources of oil will likely flow to countries with growing populations, McConnell said. This makes domestic production even more important, he added.
“We have a tremendous opportunity to make this sustainable for next 50 or 100 years and it’s incredibly important to our energy security here in our country,” McConnell said.
Click here to hear the full interview.