Seaports Magazine - Fall 2017 - 46

"We anticipate being a very large natural-gas supplier all
around the world for the next several decades, and that's
business for ports."
-Barry Worthington, United States Energy Association (USEA)
energy service to almost double the number
that's receiving service today."
The other half of this equation is rising
U.S. energy production, which by 2015
had made it the world's top producer of oil
and gas. In late 2015, Congress approved
the lifting of a 40-year-old ban on the
export of crude oil, and early the next
year the door was also opened for export
of liquefied natural gas (LNG). The driver
for these changes was the quick spread
of hydraulic fracturing (AKA "fracking"),
which makes it economically feasible to
extract vast fossil-fuel resources that were
known to exist, but previously considered
unreachable.
"It really was a revolution. I've been
watching this industry for four decades;
what happened with the fracking was
something that changed everything," says
Dr. Loren Scott, president of Loren C. Scott

& Associates, Inc. and professor emeritus
in economics at Louisiana State University
(LSU), who presented a talk titled "The Oil
Sector: What the heck happened?!" at the
AAPA Annual Convention in New Orleans
in October 2016.
"Ten years ago, we were convinced that
our natural gas supplies would be gone by
today," says Worthington. "Instead, we have
something between 100 and 200 years of
natural gas."
Thus, only a decade ago, the U.S. was
still building facilities to import natural gas.
"People spent billions to build these ports,
only to find themselves in bad financial
straits when fracking took off," says Scott.
Today, these ports are being converted to
export facilities. "Ports along the Gulf, especially in Louisiana and Texas, are seeing
major businesses being created because of
these export facilities."

Formerly

WSP | PARSONS BRINCKERHOFF

Barry Worthington
"We have probably more than half a
dozen that are under construction today;
that's a combination of converting import
to export as well as building new export
facilities from scratch," says Worthington.
"We anticipate being a very large naturalgas supplier all around the world for the
next several decades, and that's business
for ports."
"One other thing that has created a lot
of business for ports, especially from about
Corpus Christi (Texas) to the mouth of the
Mississippi River, is that when the price
of natural gas fell here, it became very

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Table of Contents for the Digital Edition of Seaports Magazine - Fall 2017

AAPA Headquarters
From the President's Desk
Seizing LNG Supply Chain Opportunities
Find Your Niche
The Power of One, Collaboration by Many
Bringing the Outside In
Accelearating the Future
Power Shift: In the Energy Sector, Change Is the Only Constant
Strengthening U.S. Ports to Support Increasing Freight and Transportation
Port Partnerships for Strategic Positioning and Success
Index of Advertisers
Seaports Magazine - Fall 2017 - Intro
Seaports Magazine - Fall 2017 - bellyband1
Seaports Magazine - Fall 2017 - bellyband2
Seaports Magazine - Fall 2017 - cover1
Seaports Magazine - Fall 2017 - cover2
Seaports Magazine - Fall 2017 - 3
Seaports Magazine - Fall 2017 - 4
Seaports Magazine - Fall 2017 - 5
Seaports Magazine - Fall 2017 - AAPA Headquarters
Seaports Magazine - Fall 2017 - 7
Seaports Magazine - Fall 2017 - From the President's Desk
Seaports Magazine - Fall 2017 - 9
Seaports Magazine - Fall 2017 - Seizing LNG Supply Chain Opportunities
Seaports Magazine - Fall 2017 - 11
Seaports Magazine - Fall 2017 - 12
Seaports Magazine - Fall 2017 - 13
Seaports Magazine - Fall 2017 - 14
Seaports Magazine - Fall 2017 - 15
Seaports Magazine - Fall 2017 - 16
Seaports Magazine - Fall 2017 - 17
Seaports Magazine - Fall 2017 - 18
Seaports Magazine - Fall 2017 - Find Your Niche
Seaports Magazine - Fall 2017 - 20
Seaports Magazine - Fall 2017 - 21
Seaports Magazine - Fall 2017 - 22
Seaports Magazine - Fall 2017 - 23
Seaports Magazine - Fall 2017 - 24
Seaports Magazine - Fall 2017 - 25
Seaports Magazine - Fall 2017 - The Power of One, Collaboration by Many
Seaports Magazine - Fall 2017 - 27
Seaports Magazine - Fall 2017 - 28
Seaports Magazine - Fall 2017 - Bringing the Outside In
Seaports Magazine - Fall 2017 - 30
Seaports Magazine - Fall 2017 - 31
Seaports Magazine - Fall 2017 - 32
Seaports Magazine - Fall 2017 - 33
Seaports Magazine - Fall 2017 - 34
Seaports Magazine - Fall 2017 - 35
Seaports Magazine - Fall 2017 - 36
Seaports Magazine - Fall 2017 - Accelearating the Future
Seaports Magazine - Fall 2017 - 38
Seaports Magazine - Fall 2017 - 39
Seaports Magazine - Fall 2017 - 40
Seaports Magazine - Fall 2017 - 41
Seaports Magazine - Fall 2017 - 42
Seaports Magazine - Fall 2017 - 43
Seaports Magazine - Fall 2017 - 44
Seaports Magazine - Fall 2017 - Power Shift: In the Energy Sector, Change Is the Only Constant
Seaports Magazine - Fall 2017 - 46
Seaports Magazine - Fall 2017 - 47
Seaports Magazine - Fall 2017 - 48
Seaports Magazine - Fall 2017 - 49
Seaports Magazine - Fall 2017 - Strengthening U.S. Ports to Support Increasing Freight and Transportation
Seaports Magazine - Fall 2017 - 51
Seaports Magazine - Fall 2017 - Port Partnerships for Strategic Positioning and Success
Seaports Magazine - Fall 2017 - 53
Seaports Magazine - Fall 2017 - 54
Seaports Magazine - Fall 2017 - 55
Seaports Magazine - Fall 2017 - 56
Seaports Magazine - Fall 2017 - 57
Seaports Magazine - Fall 2017 - Index of Advertisers
Seaports Magazine - Fall 2017 - cover3
Seaports Magazine - Fall 2017 - cover4
Seaports Magazine - Fall 2017 - divider1
Seaports Magazine - Fall 2017 - divider2
Seaports Magazine - Fall 2017 - 66
Seaports Magazine - Fall 2017 - 67
Seaports Magazine - Fall 2017 - 68
Seaports Magazine - Fall 2017 - 69
Seaports Magazine - Fall 2017 - 70
Seaports Magazine - Fall 2017 - 71
Seaports Magazine - Fall 2017 - 72
Seaports Magazine - Fall 2017 - 73
Seaports Magazine - Fall 2017 - 74
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