Engineering Inc - January/February 2012 - (Page 12)
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site near Burlington, Pa.
a brighter
Advanced drilling technologies create new opportunities for Member Firms in burgeoning natural gas market
Takeaways
>> Global energy demand is
projected to spike by 35 percent from 2005 to 2030.
L
ERic PEARlE/GEtty imAGEs
>> Demand for natural gas will >> New drilling and extraction
technologies create opportunities for Member firms.
increase by 60 percent in the next 25 years.
G
AP Photo/RAlPh Wilson
eologists and other experts have predicted the demise of natural gas for nearly half a century. As energy companies reached the limits of extraction technology, utilities began exploring other energy resources, including coal, nuclear and alternative fuels.
But somewhere along the line, projections changed. “New technologies have made natural gas viable once again,” says John Hofmeister, founder and CEO of Citizens for Affordable Energy, a Houston organization that promotes affordable and environmentally sound energy solutions. Hofmeister was also a featured speaker at the ACEC 2011 Fall Conference. Analysts predict global demand for energy will spike by 35 percent from 2005 to 2030. Experts also predict that demand for natural gas will increase 60 percent in that timeframe, making it the fastestgrowing energy source. Thanks to increasingly sophisticated extraction methods— horizontal drilling and hydrofracking, to name two—capable of tapping previously
>>
12
ENGINEERING INC.
jaNuaRy / fEbRuaRy 2012
Table of Contents for the Digital Edition of Engineering Inc - January/February 2012
Engineering Inc. - January/February 2012
Contents
From ACEC to You
News and Notes
Legislative Action
A Capitol Investment
A Brighter Light
Professional Liability Insurance Survey of Carriers
2012 Annual Convention Preview
Business Insights
Risk Management
Members in the News
Mergers and Acquisitions
Engineering Inc - January/February 2012
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