TIPRO News Releases and Statements

International Energy Outlook 2021 Highlights Important Role of Oil and Natural Gas

Austin, Texas - Today, the U.S. Energy Information Administration (EIA) released its International Energy Outlook 2021. The new analysis forecasts continued growth in oil and natural gas production to support increasing energy consumption, particularly consumption in non-OECD countries. The report also highlights the important role of oil and natural gas to meet load and grid reliability. The following statement can be attributed to Ed Longanecker, president of the Texas Independent Producers & Royalty Owners Association (TIPRO):

“EIA's findings show why we cannot let politicians prevent the United States from supplying the fuels necessary for economic growth domestically and abroad. Oil produced here in Texas will be critical to meeting global energy demand for decades to come. If it is not produced here, Russia or OPEC -- which have lower environmental standards -- will happily fill the void. The EIA also acknowledges that demand for natural gas will remain strong as it plays an important role ensuring future grid reliability. Unfortunately, many policies under consideration in Washington, D.C. -- including a devastating new tax on natural gas -- could cripple U.S. production and prevent us from leveraging our strategic energy assets." 


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