A decade ago, industry experts would not have been able to predict the massive energy infrastructure shortage that the U.S. is now facing. American oil and natural gas production is at an all-time high, but our nation’s pipeline network is having difficulty keeping up with the energy boom. One project at a time, the industry is working to fuel our country’s energy needs. Once complete, Louisiana’s Bayou Bridge will play a critical role in safely transporting natural gas from refineries to consumer markets.
Strong energy infrastructure means more than just affordable and accessible energy. It also leads to much-needed tax revenue, job creation, and economic growth. Pipeline projects and other critical infrastructure welcome investment in nearby communities, bring a steady flow of commerce for local businesses, and provide millions of dollars in tax revenue for local and state use. Over 500,000 jobs are supported by pipelines nationwide, including 2,500 construction jobs supported by the Bayou Bridge project alone.
The energy infrastructure shortage negatively affects not only industry, but consumers across the country. Due to the lack of existing infrastructure, energy companies have not been able to transport product to consumer markets as efficiently as they should be able to. For example, Texas’ booming Permian Basin has been producing record amounts of oil and natural gas. In fact, the region is producing so much energy that drillers have had to resort to “flaring” excess natural gas because they don’t have enough pipeline to get the gas to market. The Houston Chronicle recently reported on the pipeline shortage in the Permian, writing:
Pipeline constraints in the Permian Basin, which produces 3.3 million barrels of oil a day and has seen production grow 37.6 percent in the last year, are now expected to hamper the region into the first quarter of 2020, according to the Wells Fargo analysts.
Louisianians for Energy recognizes the need to continue supporting energy infrastructure across our state and throughout the nation. We look forward to the safe completion of Bayou Bridge, its contribution to Louisiana, and its role in fueling our country’s energy needs.