AABE Energy News: January 2013 | Members on the Move

January 2013 Newsletter Newsletter
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America's New Energy Reality
An AABE Special Update

AMERICA needs a new discourse on energy that would recognize the emerging reality that the United States has turned around as an energy producer and is on a major upswing. Energy development also turns out to be an engine for job creation and economic growth.

In 2008, the rise in oil prices was accompanied — and partly fueled — by a belief that an era of permanent scarcity was at hand. The outlook was much the same for natural gas. Production would inevitably decline, and the country was on the way to spending $100 billion a year to import liquefied natural gas from West Africa, the Middle East, even Australia and Russia.

But that is not at all how things are turning out. Technology made the difference. The natural gas market has been transformed by the rapid expansion of shale gas production. The oil story is also being rewritten. Net petroleum imports have fallen from 60 percent of total consumption in 2005 to 42 percent today.

Part of the reason is on the demand side. The improving gasoline efficiency of cars will eventually reduce oil demand by at least a couple of million barrels per day. The other part is the supply side — the turnaround in United States oil production, which has risen 25 percent since 2008. It could increase by 600,000 barrels per day this year.

America’s new story for energy is still unfolding. It includes the continuing development and expansion of renewables and increased energy efficiency, both of which will be essential to our future energy mix.

Members on the Move

Senior leadership changes announced for Detroit Edison organization

Please join us in congratulating AABE board member, Joyce Hayes-Giles on her new position as Assistant To The Chairman And Senior Vice President, Public Affairs.

Joyce Hayes Giles, assistant to the chairman and senior vice president, Customer Service, is appointed assistant to the chairman and senior vice president, Public Affairs. In her new role, Hayes Giles will have overall responsibility for the company’s outreach initiatives to its communities.

She will serve as the DTE Energy Foundation chair, working with other Foundation leaders to develop strategy and initiatives. She will also lead the company’s many other community outreach activities, while continuing her role as the company’s chief ethics officer. She will report directly to Gerry Anderson.

“Given Joyce’s status and strong standing in the community, she is well-positioned to lead both the work of the Foundation and our broader efforts to enhance our reputation as a company that supports the communities we serve,” said Anderson.

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