Dr. Loren C. Scott, president, Loren Scott & Associates, joins The Crude Life’s founder Jason Spiess and former Mayor of Bismarck (ND) and current Burliegh County Chairman to discuss the impacts of the Russia Ukraine War and how the U.S. has a serious pipeline problem.
“I mean, it's just coming from just everywhere. If you want to get a pipeline built to move either natural gas or oil, you better hope before God, that pipeline is not gonna go across any state lines. One of the things, one of the reasons I think that the Haynesville shale play here in North Louisiana is gonna do well over the next couple of years is because you can actually move natural gas from North Louisiana down to South Louisiana where the large LNG exports are,” Dr. Scott said.
The discussion then shifts to the Biden administration's policies on fossil fuel production, with Dr. Scott expressing concerns about the administration's attempts to slow down activity in the Gulf of Mexico.
They also discuss the challenges faced by New York in accessing natural gas due to restrictions on crossing state boundaries.
Dr. Scott predicts that a severe winter could prompt a reevaluation of the forced transition away from fossil fuels. He uses New York and Germany to explain his context and rationale.
Dr. Loren Scott recently predicted that Louisiana will add more than 80,000 jobs over the next two years in the state of LA Annual economic outlook, which Dr. Scott is a co-developer of.
“The good economic news for Louisiana just keeps on coming with Dr. Loren Scott’s prediction that Louisiana will add more than 80,000 jobs in the next two years,” said Governor John Bel Edwards. “We have the lowest unemployment rate in state history, manufacturing jobs are at a seven-year high, and our climate action plan has positioned us to lead the global energy transition and attract massive investments in green energy and carbon reduction technology. I have never been more optimistic about the future of our state and I want to thank all Louisianans, across political parties and economic sectors, who have helped us grow and diversify our economy.”
In a previous interview with The Crude Life, explain why foreign countries are especially interested in LA.
“Right now countries are racing for the cheapest natural gas molecules and the United States is considerably cheaper than the rest of the world,” Dr. Scott said.
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 University from 1969 to 1998, where he rose through the ranks from Assistant Professor to the holder of the Freeport-McMoran endowed Chair of Economics. He is presently Professor Emeritus of Economics at LSU.
Over the thirteen-year period from 1983-96, Dr. Scott was the chairman of the Economics Department at LSU. During that time, the Department’s ranking among the 3,000 economics departments in the U.S. rose from 101st to 38th. He received 7 awards at LSU for outstanding classroom teaching.
Dr. Scott is co-developer of the Louisiana econometric model, a model used for providing annual forecasts of the Louisiana economy, which are released each fall. He was a co-investigator on over $1 million in grant research at LSU and is the author of over 75 articles and technical reports in addition to reports written for consulting clients.
Everyday your story is being told by someone. Who is telling your story? Who are you telling your story to?
#thecrudelife promotes a culture of inclusion and respect through interviews, content creation, live events and partnerships that educate, enrich, and empower people to create a positive social environment for all, regardless of age, race, religion, sexual orientation, or physical or intellectual ability.
The Crude Life is now available on Substack, click here for page.
About The Crude Life
Award winning interviewer and broadcast journalist Jason Spiess and Content Correspondents engage with the industry’s best thinkers, writers, politicians, business leaders, scientists, entertainers, community leaders, cafe owners and other newsmakers in one-on-one interviews and round table discussions.
The Crude Life has been broadcasting on radio stations since 2012 and posts all updates and interviews on The Crude Life Social Media Network.
Spread the word. Support the industry. Share the energy.
Dr. Scott Explains Why Interstate Pipelines are a Problem, Oil Price Futures