Now GE sells wind turbines, smart grid systems and oil and gas technology around the world, as well as the big gas power turbines that made it an industry leader in the U.S. a long time ago.
Is it really any different to take taxes received from oil and gas companies and use that money to invest in technology that competes directly with oil and gas?
In the oil and gas industry, technology advances every day, so such projections tend to become understated almost as soon as they are released.
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Fracking is a vital contributor to the recent renaissance in the U.S. oil and natural gas supply picture, as it is the technology, along with horizontal drilling, that makes producing oil and natural gas from very tight shale rock formations possible.
The impact of the modern energy industry on information grows from the need of oil and gas firms to use technology to discover, maintain and expand their operations.
Ibrahim Ajami, the CEO of ATIC, told me that government and business leaders had identified semiconductors as a core business to compete, part of a long-range 2030 plan to transition the economy from oil and gas business to high technology and to build its own chip foundries.
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From the Bush White House, they're talking about large-scale technology: oil and gas, nuclear power plants and clean coal research, which will cost billions of dollars and will take years.
Oil companies around the world use technology to try and increase the amount of oil and gas they can explore and produce.
Most resource base projections are based on the oil and gas that is recoverable with current technology.
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There's a solution to Iran's looming energy crisis: Bring in foreign capital and technology to boost oil and gas production.
There is a solution to Iran's looming energy crisis: Bring in foreign capital and technology to boost oil and gas production.
The plan is to keep gobbling up old shallow fields, using new technology to get more oil and gas out of them, all the while drilling deeper in search of the motherlode.
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The technology exists to get the oil and gas out with minimal chances of spills.
It needs offshore oil and gas companies to get involved with skills and technology they can transfer into marine power.
They had been looking for oil and lacked the technology back then to extract gas from waters more than 3000 feet deep, or pipe it ashore for conversion to LNG.
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Mike Schaffner directs the information technology project management group for the oil and gas products and services company, Cameron, in Houston and aims to infuse a business-based approach to IT management.
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Baker Hughes provides oilfield services, products, technology and systems globally to the oil and natural gas industry.
Meanwhile, oil and gas companies have sunk vast sums into the infrastructure and technology needed to move natural gas from the most remote corners of the world to major markets in America, Asia and Europe.
Mike Schaffner directs information technology for the Valve and Measurement Group of oil and gas products and services company Cameron in Houston.
While many clean technology leaders come from the male-dominated oil and gas and utility industries, research suggests that women are more likely to be drawn to cleantech because it serves a higher purpose of creating a sustainable environment for this generation and beyond.
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So tonight, I propose we use some of our oil and gas revenues to fund an Energy Security Trust that will drive new research and technology to shift our cars and trucks off oil for good.
But not only did the Obama Administration not do anything to enable the technological breakthroughs that produced these results, it has actually fought increased oil and gas production every step of the way, and has continually threatened the fracking technology that has made the sharply increasing American production possible.
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The combination of shale reserves and fracking technology has created vast new reserves that are fundamentally different than gas and oil pockets in the past, he said.
On trade the best he can do is suggest that thanks to so-called fracking technology, the United States is about to stage a comeback in oil and gas production.
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And it stands to reason that if the Obama Administration dropped its hostility to oil and gas energy, even more jobs would be created as the industry invested to exploit other areas with new technology and production methods.
This figure is based in part on the thought that big oil companies like ExxonMobil, which recently agreed to buy the natural gas company XTO Energy, will increase investment in recovery technology to squeeze more gas out of huge stateside shale formations.
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