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Energy Magazine Publisher Rick Slemaker discusses how Texas is leading the nation in renewable energy and whether that will impact the oil industry.
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For them -- -- -- -- outerwear for men.
And -- and -- Zones can go to class and I absolutely -- and then.
-- -- Gaps in the groups are welcome.
Back to our special edition of money.
We are live in Houston known as America's energy capital of course in its Texas -- push to build a cleaner more competitive economy.
Let's excuse to -- the number one municipal purchaser of renewable energy.
And the eight largest overall purchaser in the nation so is Houston's quest for alternative energy.
Giving its oil industry a run for its money here now with the inside scoop is Rick Islamic her publisher -- energy magazine you've got your finger on the pulse of the whole entire industry and I think people outside the city.
We'll be surprised to hear those stats.
-- I Houston this is the head of everyone I mean we just went -- quietly about our business.
Going green and in doing the things that we do here in Texas and do it person bigger and better than anybody else.
You -- interviewed a lot of energy executives over the years they've always said to -- -- energy business.
This so you know whatever it is and its oil right now that's she does that make sense but we're trying to develop other technologies as we just want to provide energy whatever that trend is is that really true.
Well you if you look at the history of the business it's it's really -- there's lot of facts -- because.
-- people invest in oil and gas and in the Windmills and solar.
And a lot of investment comes from the -- gas side so what they're all one and one together and -- sure -- that is -- This is a profitable investment or does depend on the government being there with their subsidies bugs are attacking -- are well.
It's it's it's not probable without the government -- is the government's got to give it to boost.
But that said.
Once it catches on in this the government -- trying to do that.
In their way the best thinking and I don't -- -- all those things but yeah.
But certainly our own gas industry is one -- this pushing ahead and in agreement with natural gas it's credible Texas.
Is the largest producer of wind energy.
We're the large -- when it liturgy of the country and we were.
A nation we'd be the six dollars producer in the world.
So we're way ahead so do you think that wind energy still needs at federal subsidy -- -- a big argument with someone about this the other day recently and and they were saying that it's such a plentiful and cheap supply.
-- grids around the country that you don't need the subsidy anymore but you do need a subsidy and it was kind of two sided argument might well.
I don't believe in subsidies and I don't think industry does -- -- to kick it off.
It's already there and have -- done well below hanging fruits.
Sort of taken right now and I think it's expanding on it's own and and let's see what futures I think it's very good thanks -- you -- take -- way to -- hour.
Yes now yeah I think I think I don't -- our government can afford anymore subsidies with what we're doing their budget right now we we need to get.
Get real what the people wouldn't use the energies we can.
And using investment vehicles like governors -- -- -- on your -- talked about yet and in what would that into the industry to think that it would contracted bit do you think it would cripple it what would it -- Well there's different scenarios -- the people in the industry of course would say it would contracted and kill it heard it.
I think it's like anything else if you're strong and that's going that's -- there's.
Needles and eagle's -- to mention that that little baby's gonna fly in -- the wolf by way itself and it won't work.
Cricket that is a great saying it would only here in Texas -- -- -- Estonian.
One of the things that I know you've gotten involved in addition to -- your job -- energy magazine is your recently named an I wanna get this right the national chairman.
Of the rotary Lombardi football awards program what is that about.
Well that's a real honor that the -- of Houston 43 years ago when Vince Lombardi died of colon cancer his wife wanted to do something in his name that would.
Fun to cancer cures.
And we've raised millions of dollars and this year like -- -- we're gonna expand that to one our full full blown TV show special.
And website about you ask me to real honored to be -- -- in Israel honored to be the -- party chairman.
But this is part of the thing we've been hearing all day -- historians work hard and -- cheap but they'd also like to give back so we wanted to make sure we gave you your due for that.
Yeah well that it's it's the old saying if you like take this things you dance with the -- who -- you and the and the ones you can bring along you try to bring along when you can so that's what we're all about and we're very very giving here in this -- to -- -- Thank you so much for your -- we've really --
