/PRNewswire/ -- As our nation celebrates Independence Day, it is time for America to truly focus on reducing our dependence on energy sources from outside our borders, which is achievable thanks to new discoveries of clean, abundant natural gas here in America.
New and plentiful natural gas resources in North America should dramatically change the energy and climate debate in Washington. The Potential Gas Committee, a non-profit academic organization, recently released the latest in a string of authoritative reports confirming the abundance of natural gas in North America. Thanks to new gas field discoveries, the U.S. has a 100-year supply of natural gas that is growing with new technology.
Over the years, the United States has become more and more dependent on energy sources from volatile regions, raising national security concerns about our reliance on energy sources from outside our borders. The Center for a New American Security, a non-profit, non-partisan national security research organization, writes in a new report that "two-thirds of all oil reserves are in the Middle East, where instability and hostility to the United States run rife and can threaten economic and national security."
Natural gas can lead to domestically produced independence and because it is more than 50 percent cleaner than coal, it is better for the environment and can serve as the foundation for power generation and the expansion of renewable energy sources. The New York Times recently said that "natural gas could emerge as a critical transition fuel that could help to battle global warming." And because 98 percent of natural gas consumed in the United States is produced in North America, increased use would result in more jobs and economic growth.
"Securing our nation's independence did not come easy and neither will significantly reducing our dependence on energy from outside our borders but with innovation and new natural gas discoveries, America's clean energy future can be made right here in America," said Rod Lowman, president of America's Natural Gas Alliance. "Natural gas is clean, abundant and ready now to power our homes and automobiles today and for future generations."
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Showing posts with label dependence. Show all posts
Showing posts with label dependence. Show all posts
Monday, June 29, 2009
Wednesday, May 6, 2009
New Study: Proposed Energy Regulations Could Cost Thousands of American Jobs, Billions in Public Revenues
/PRNewswire / -- A coalition of America's oil and natural gas producers today released the findings of a major research initiative, which concludes enacting new federal regulations - especially related to hydraulic fracturing - could have disastrous economic consequences and increase our dependence on foreign oil.
Project BRIEF - Bringing Real Information on Energy Forward - covers the history and progress of effective state regulation of energy development, the proper role of the federal government and the economic consequences of changes to existing regulatory frameworks. To highlight these findings and educate the public, the coalition also launched a new website: www.EnergyInDepth.org.
"Project BRIEF's scope is unprecedented, and its findings are stark," said Lee Fuller of the Independent Petroleum Association of America, one of the coalition organizers which represents the 5,000 smaller, independent producers that drill 90 percent of America's wells. "Implementing new federal regulations that threaten domestic energy production and increase costs - without creating any additional environmental benefits - is the wrong policy course for the country."
America's natural gas and oil producers provide massive contributions to our economy, and play a critical role in ensuring America's energy needs are met. Saddling them with new, unnecessary and ineffective regulations could put them out of business, destroy jobs and increase our dependence on foreign energy. That's especially true if Congress moves forward with plans to target hydraulic fracturing, a safe and common production technology that renders possible the efficient extraction of energy resources from shale rock.
Key Findings of Project BRIEF:
-- 1.2 million Americans are directly employed by domestic oil and natural gas producers
-- In 2007, the industry invested a record $226 billion in domestic exploration and production, and paid landowners $30 billion in royalties
-- Potential new regulations now circling around Washington could:
-- Force the closure of more than half of America's oil wells and a third
of our gas wells
-- Cost the federal government $4 billion in revenue; state treasuries
would lose $785 million
-- Slash domestic oil production by 183,000 barrels per day; natural gas
by 245 billion cubic feet per year
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Project BRIEF - Bringing Real Information on Energy Forward - covers the history and progress of effective state regulation of energy development, the proper role of the federal government and the economic consequences of changes to existing regulatory frameworks. To highlight these findings and educate the public, the coalition also launched a new website: www.EnergyInDepth.org.
"Project BRIEF's scope is unprecedented, and its findings are stark," said Lee Fuller of the Independent Petroleum Association of America, one of the coalition organizers which represents the 5,000 smaller, independent producers that drill 90 percent of America's wells. "Implementing new federal regulations that threaten domestic energy production and increase costs - without creating any additional environmental benefits - is the wrong policy course for the country."
America's natural gas and oil producers provide massive contributions to our economy, and play a critical role in ensuring America's energy needs are met. Saddling them with new, unnecessary and ineffective regulations could put them out of business, destroy jobs and increase our dependence on foreign energy. That's especially true if Congress moves forward with plans to target hydraulic fracturing, a safe and common production technology that renders possible the efficient extraction of energy resources from shale rock.
Key Findings of Project BRIEF:
-- 1.2 million Americans are directly employed by domestic oil and natural gas producers
-- In 2007, the industry invested a record $226 billion in domestic exploration and production, and paid landowners $30 billion in royalties
-- Potential new regulations now circling around Washington could:
-- Force the closure of more than half of America's oil wells and a third
of our gas wells
-- Cost the federal government $4 billion in revenue; state treasuries
would lose $785 million
-- Slash domestic oil production by 183,000 barrels per day; natural gas
by 245 billion cubic feet per year
-----
Community News You Can Use
Follow on Twitter @GAFrontPage
www.fayettefrontpage.com
Fayette Front Page
www.georgiafrontpage.com
Georgia Front Page
www.artsacrossgeorgia.com
Arts Across Georgia
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