BOARD OF
OIL AND GAS UPDATE
DIRECTORS
Oil & Gas Developments Monthly Report by David Kaminski, Director of Energy and Public Affairs There is so much natural gas underground in the United States that we have no idea how much there is. We keep finding more, and if we act wisely, we can get out from under the power of the price cartel operated by the Organization of Petroleum Exporting Countries (OPEC).
greater fuel efficiency, and for all the other oil we need, Hofmeister said, “we have a northern neighbor (Canada) and a southern neighbor (Mexico)” that the United States can work with well under the North American Free Trade Agreement.
That’s what John Hofmeister told 600 people at the shale summit hosted by the Crain’s Cleveland Business newspaper in February. Hofmeister is the former president of Shell Oil Co. and founder of Citizens for Affordable Energy. We at the Canton Regional Chamber were pleased to participate in the Crain’s program by appearing on two panels and recruiting local manufacturers for a third panel.
There you have it. Sayonara to OPEC price fixing.
Hofmeister said the United States uses 18.5 million barrels of oil and liquids per day but produce only 6.8 million barrels. If the nation had the will to establish a long-term energy policy, it could produce enough natural gas and turn it into a transportation fuel that would allow the nation to “say sayonara, goodbye forever” to the OPEC dependency. Using natural gas to its full potential as a transportation fuel could reduce the nation’s oil dependency by five million barrels a day, he said. We could increase domestic oil production to 10 million barrels a day, reduce demand by another two million barrels through
EXECUTIVE COMMITTEE Chairman of the Board - Karen M. Brenneman Hall, Kistler & Company LLP Sr. Vice Chairman - Philip D. Fracassa The Timken Company Vice Chairman - Brian Belden The Belden Brick Company Vice Chairman - John A. Murphy, Jr. Day Ketterer Ltd. Vice Chairman - William C. Shivers Huntington Bank Treasurer - D. William Allen Pro Football Hall of Fame Immediate Past Chairman - Rick L. Haines AultCare President & CEO - Dennis P. Saunier Canton Regional Chamber of Commerce
However, it requires good energy policy. It requires the cooperation of local community leaders. And it requires engagement with the public so that citizens understand the economic value that the oil companies place on sound regulations and environmental protection. The cost of following the regulations and protecting the environment is far less money than the cost of haste and mistakes that resulted in the environmental horror that occurred in the Gulf of Mexico at a BP well in 2010.
Corporate Secretary - Steven J. Katz Canton Regional Chamber of Commerce
More information and a video of Hofmeister’s speech can be found on the WVIZ Ideastream website at www.ideastream.org/shale/summit.
BOARD OF DIRECTORS
David Kaminski Energy and Public Affairs Canton Regional Chamber of Commerce davidk@cantonchamber.org
• A Layman’s Guide to the Oil & Gas Industry • Fundamentals of Upstream Operations These programs will provide you with a comprehensive overview of the industry, with the flexibility of learning on your own time and in your home or office.
Geoff Karcher The Karcher Group
Bruce Blaise Kenan Advantage Group
Judith E. Barnes Lancaster Attorney At Law
Thomas E. Cecconi Mercy Medical Center
Rick McQueen Akron-Canton Airport
R. Eric Dellapina FirstMerit Bank N.A.
Alan Rodriguez Jülz by Alan Rodriguez and Rodriguez’s House of Stones
Mark Fleiner LG Fuel Cell Systems
Learn the ABC’s of the Oil & Gas Industry Canton City School’s Adult Career & Technical Education, in partnership with a major oil & gas consulting firm, is now offering two unique on-line courses:
Katrina Barton Westfield Belden Village
Keith Fuller Chesapeake Energy Corp. Jerry Gilin Diebold Inc. Greg Harbert Charter One/RBS Citizens, NA Jason F. Haupt Krugliak, Wilkins, Griffiths & Dougherty Co., L.P.A.
So give us a call today, or view the courses on our website. Learning about the oil & gas industry was never so easy… as easy as ABC! 330-438-2556, ext. 101/102 www.ccsdistrict.org/acte
CANTON REGIONAL CHAMBER OF COMMERCE
Jan Hein Ohio Desk
Mark J. Samolczyk Stark Community Foundation William C. Shivers Huntington Bank Paul E. Siegfried Siegfried Enterprises Inc. Bruce M. Soares Black McCuskey Souers & Arbaugh Alice C. Stephens The Employment Source
Dr. Para Jones Stark State College
Walter F. Wagor, Ph.D. Kent State University at Stark
Terrance L. Jones Multi-Development Services of Stark County
David M. Wheeler AEP Ohio
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Chris White The Repository