“Politics aside, the regulatory environment going forward is going to be one that’s going to enhance production growth, even on federal land,” he said.
In a Wall Street Journal op-ed article, titled “Move Over, OPEC — Here We Come,” Morse argued that U.S. energy policy faced a serious potential challenge.
“Whether the increase results in the U.S. reducing its imports or whether our net exports grow doesn't matter much to world balances,” he wrote. “Either way, North America is becoming the new Middle East. The only thing that can stop this is politics — environmentalists getting the upper hand over supply in the U.S., for instance; or First Nations impeding pipeline expansion in Canada; or Mexican production continuing to trip over the Mexican Constitution, impeding foreign investment or technology transfers — in North America itself.”
Asked about his motivation for authoring the piece, Morse offered a bullish stance on the oil and gas sector.
“I’m thinking that actually the U.S. is the fastest-growing oil-producing country in the world, the fastest-growing gas-producing country in the world, and yes, it’s happening mostly on private lands,” he said. “This has happened despite whatever politics have intruded on it.”
Morse estimated that between 2½ million and 3½ million new jobs would be created by greater domestic energy production by 2020.