Tribal Energy resources are the cornerstones of a thriving U.S. economy. These fossil and mineral energy resources have historically come to the aid of the U.S. in times of national emergency, or crisis.
Tribes are now cataloguing their resources to protect, manage and cultivating for greater future returns.
As the inventory are proceeding, the 2018 National Renewable Energy Office (NREL) and the Department of Energy (DOE) Office of Indian Energy Techno-Economics Renewable Energy Potential on Tribal Lands analysis concluded Tribes make up 5.8% of the land areas in the conterminous U.S. and estimates 6.5% of the total renewable energy technical potential of utility-scaled renewable energy lies on tribal lands.
Tribes are positioning to be more self-determined and self-sufficient to meet its own energy demands and security.
U.S. has become a net exporter in 2020. Increases in crude oil, natural gas, and natural gas plant liquids (NGPL) production coupled with the slow growth in U.S. energy consumption led to being a net exporter.
Natural gas remains low and compared with historical prices. This has led to the increased use of fuels across end-use sectors and increased liquified natural gas exports.
The decline of natural gas prices and increasing penetration of renewable electricity generation have resulted in lower wholesale electricity prices, changes in utilization rates, and operating losses for a large number of baseload coal and nuclear generators.
Mega trends points to addressing climate change: shifting to cleaner forms of energy resources.
As tribal energy project are developed and fully optimized, Tribes can deploy strategic resources to grow their business and strategically expand their products or services into new markets.
These horizontal and vertical growth strategies allow for:
turning the tribal dollar over multiple times.
develop the human capital.
create and sustain the current and new small tribal businesses.
develop and train new 22nd century entrepreneurs and business leaders.
develop a thriving and regenerative economy.
create new infrastructure.
leapfrogging decades to catchup with technology and be a forefront of innovation.
solve part of the socio-economic deficiencies and disparities in Indian Country.