Permian Country: Evolution and Impact of Oil and Gas

Stretching across West Texas and southeast New Mexico, the Permian Basin is now the largest oil-producing field in the world. With daily production of more than 4 million barrels of oil and 14 billion cubic feet of natural gas, it is a major factor in the U.S. transition to become a net oil and gas exporter and in the transformation of the state of the global oil market.

Although the basin is in a part of the country with a long history of oil and gas production, the pace and scale associated with its growth has had major impacts and presents many challenges. Moreover, during the short time scale that the industry has been producing this type of unconventional resource, accurately forecasting its rate of growth has proved problematic. However, if the average of the current range of estimates proves to be correct, the region will continue to see significant increases in production in the coming years.

This conference, part of the CSIS Energy & National Security Program’s Energy in America project, will explore the evolution and impact of oil and gas development in the Permian Basin, and the opportunities and challenges, both economic and environmental, that lie ahead.

This event is made possible by general funding to CSIS and the CSIS Energy & National Security Program.
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[philiphorner]

Best civilization ever built on carbon mining.

[Thepathof]

I got trapped in the Permian 20 years ago and cannot wait to get out of this absolute hell hole. One of the most corrupt, nasty places I’ve ever been to.

[jasonwalker]

What type of negotiations did the U.S. make with OPEC or mainly Saudi Arabia In sharing the market? I'm sure Venezuela's oil reserves would bankrupt American competitors if allowed to enter the world market.

[jimbob-robob]

Nary a word on climate change and pollution...what self interested ghouls...

[Anyguy]

Fracked oil has huge up-front costs that make the per-barrel price be around $50. Short-term demand may make it slightly above this number but adoption of cleaner energy sources inall parts of the economy will likely drive the price of oil below this price in about a decade with no coming back.

Unfortunately, because of the huge up-front costs, permian basin oil will still be produced and sold at a loss until the wells are dry (20-40 years) even when it is no longer profitable to do so because some money>no money.

What a completely idiotic and short-sighted economic activity given the reality of man-made climate change.

[TandNFox]

Please try to slow down diction, because the interested might wish to follow the technical details in order do better understand ?

[davidthomas]

For real economic and geopolitical insight, I suggest Tom Loungo or The Duran, not this arrogant and idiotic collection of hypocrisy victims.

[breatheasy]

.it's really hard to listen to this very aggressive moderater. Are all women like this???