Loren Scott, president, Loren Scott & Associates and Professor Emeritus of Economics at LSU, recaps several of the executive orders signed by President Joe Biden and how it will impact the oil and gas industry.
“Secretary of Interior Deb Haaland is a very scary person. She has
called repeatedly for an all out fracking ban. She’s a supporter of the
Green New Deal, wants a total ban on all drilling on public lands and
waters, wants to abolish the internal combustion engine. She’s AOC on
steroids, aimed right at the gas industry. This is not good news for
Louisiana or the industry.”
Scott says its like this administration has loaded up a machine gun and has just unloaded on the oil and gas industry.
Climate activism and public relations are discussed in detail
including comparisons and differences with coal and tobacco. Scott
explains how reliant our quality of lives and economy is on fossil
fuels. He furthers the discussion by explaining how the economy works
and oil and gas is one of the main core drivers.
Scott shares his insight on the Gulf of Mexico’s economy and how
there is a wildcard in natural gas due to the number of refineries and
foreign companies building and buying. He transitions that into the
state of Louisiana’s oil and gas economy and how COVID has impacted the
state.
The interview concludes Scott sharing some examples of how Green
Energy has been financed, supported and implemented into other countries
and culture only to find out it didn’t work. Furthermore, he explains
how the materials and minerals needed for Green Energy isn’t actually
environmentally friendly Green Science.
Administering rank prejudice and supporting state-sponsored social shaming is also discussed in the interview.
Loren C. Scott & Associates, Inc., is a 35-year
old firm that provides economic consulting and public speaking services
for a wide range of clients. Consulting activities include impact
studies, forecasting services, analysis of policy proposals, and general
economic analyses. Consulting clients include BP, ExxonMobil, Entergy
Corporation, J. P. Morgan Chase, Capital One Financial, Nucor, Sasol,
and a diversity of others. Our objective is to put together the very
best team of associates to attack our client’s problems. Dr. Scott makes
50-70 presentations a year on the state of—and the outlook for—the
economy and the energy sector in particular.
He is one of the 32-member National Business Economic Issues Council,
which meets quarterly to discuss issues of state, national, and
international interest. This group has experts who cover international
trade, Washington economic policy, retail trade, trucking, steel,
chemicals, etc. Dr. Scott is an energy specialist on the NBEIC. He has
been appointed to the Economic Advisory Board of the U.S. Council on
Competitiveness—a group made up of the CEOs of the Fortune 100, top
university presidents, and presidents of three major unions.
He has been interviewed on MSNBC, CNBC, Bloomberg TV, and several
local TV stations and his work has been cited in such publications as
the Wall Street Journal, the Financial Times, USA Today, the Los Angeles
Times and the Moscow Times, to name a few.
Dr. Loren C. Scott is President and founder of the
firm. He was on the Economics Department faculty at Louisiana State