More Pipelines Needed -- Obama Administration

Rigzone has a fairly long article on the new Secretary of Energy. Buried in the story, the new SecEnergy said:

Moniz said an upcoming quadrennial energy review will give the federal government a chance to reflect consequences of the country’s oil and gas abundance because it will involve many agencies and departments, and address infrastructure vulnerability.

[The quadrennial review] also will consider the need for more pipelines to transport oil and gas produced from tight shale formations from the wellhead to markets, he said.

“The US pipeline infrastructure clearly isn’t sufficient to address new production,” Moniz observed. “Improving it will need to be a top priority involving several federal departments and agencies, and the quadrennial energy review will provide a perfect opportunity for us to do that.”

And then this zinger:

• Overall, he added, “we think the energy security landscape is different—and more interesting—than it was in 1973.”

1973: the year of the OPEC embargo. 

Velvet Underground, Self-Titled, 1969