Written by Michael Vrtis, President of Realgy Energy Services in response to the CNBC article “Natural Gas Could Be Bigger Than the Internet, Welch Says”
I greatly admire Mr. Welch, having worked for him at one time. I read his article with interest and thought his statements invited comment.
Natural gas availability has been plentiful and the availability of more domestic supply calls for long term planning considerations.
In planning for the long term, consider just the following two facts:
The United States already has a more than $2.00 advantage per dekatherm (MCF) over the rest of the world. The US average cost of natural gas is about $4.00 and the remainder of the world is over $6.00.
The amount of gas discovered and presently available has occurred with a method of recovery (hydraulic fracturing or fracking) that has been exempt from most of the Federal environmental regulations. State environmental regulations are not superseded by this Federal action. Thus, states can set their own environmental regulation. The growing state concern is ground water pollution, considering that it takes only 1-2 drops of a petroleum product (frack fluid) to make over 1,000 gals of ground water undrinkable.
So it is not regulation that will prevent natural gas from accelerating the US economy. Instead it is the over inflation of a political issue instead of any economic or environmental issue
Reducing our cost of natural gas has already occurred, reducing it further should not come at the expense of ground water.
Mr. Welch was a great business leader but his comments on regulation of natural gas fracking appear geared more toward political posturing than balancing the economic and environmental concerns that come with recovering natural gas.
Check out the CNBC article: “Natural Gas Could Be Bigger Than the Internet, Welch Says”
PRESS RELEASE August 28, 2012 | By: Realgy, LLC
Inc. magazine has ranked Realgy Energy Services No. 180 on its sixth annual Inc. 500|5000, an exclusive ranking of the fastest growing private companies. This list represents the most comprehensive look at the most important segment of the economy – American’s independent entrepreneurs. Realgy joins Yelp, yogurt maker Chobani, Giftcards.com, KIND and famed hat maker Tilly’s, among other prominent brands featured on this year’s list.
“I am honored to see Realgy featured on the Inc. 500|5000 list for the second year.” says Michael Vrtis, President, “I would like to thank our vendors for allowing us to focus on our customers, the state of Connecticut for promoting small businesses and our employees for helping us to provide excellence in energy marketing.”
In a stagnant economic environment, median growth rate of 2012 Inc. 500|5000 companies remains an impressive 97 percent. Over the past three years Realgy has grown 1,919%, and is ranked 11th out of 103 companies in the energy industry. The companies on this year’s list report having created over 400,000 jobs in the past three years, and aggregate revenue among the honorees reached $299 billion. By comparison Realgy has created eight full time positions in Connecticut in the last six months, and had revenue of $32.3 Million in 2011.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/5000.
“Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is,” says Inc. Editor Eric Schurenberg.
Realgy, LLC DBA Realgy Energy Services was founded in 1999 by individuals who worked for many years with large utilities, energy service companies and energy marketers. Within these organizations they saw the limitations of the systems and software. Today Realgy Energy Services is an energy supplier in three deregulated states Michigan, Indiana and Illinois with plans to expand.Contact: Realgy, LLC Michael Vrtis 675 Oakwood Avenue West Hartford, CT 860-233-2270 www.realgyenergyservices.com