Friday AM February 13th, 2009
by: Ed Mayberry, February 12, 2009 10:02:21 pm
The CERA conference has been looking at the oil and gas industry. But with natural gas being used to generate electricity, along with nuclear power and coal, some forums have concentrated on power generation and storage. Jim Suciu is with GE Energy.
"Everybody comes here to kind of get connected with the thought leadership — educational, institutional, you know, customers, vendors — all talking about the issues of today. You could argue that nothing could be more dynamic, unpredictable or more important than energy. When you take a look at what's going on in Washington, or when you take a look at what's going on in about 25 countries all around the world that are talking about stimulus packages. and you talk about energy and the energy infrastructure investment that might be driven by those things."
GE Energy covers oil, gas, water and power in what Suciu says is a diversified $40 billion portfolio. He says there's more than one solution to global energy challenges.
"That's why we have investments in wind, investments in solar, and investments in nuclear and investments in coal gasification &mash; cleaner coal — and then the gas and steam turbine traditional portfolio. So that's one message we talk about, and then really the fact that this is a big investment, long-cycle industry, and so regulatory certainty, financial clarity — those are things that all of our customers and really, all of the investors that are in this space really are looking for."
Suciu says energy professionals are anxiously awaiting word on the president's stimulus package, because it could include legislation concerning electric infrastructure transmission and distribution improvements and directives on renewable energy.
Ed Mayberry, KUHF Houston Public Radio News.