This post was last updated on August 6th, 2018 at 11:28 am
US Energy Secretary Rick Perry has, recently, made some crucial points regarding the domestic natural gas and oil production, hydraulic fracturing and energy export:
- The United States has come a long way on shedding its dependence on imported energy
- US is exporting energy to its neighbors and allies across the world
- Through the use of natural gas, US is massively reducing greenhouse gas emissions
Perry has attributed the avant-garde hydraulic fracturing and horizontal drilling that has helped the US in becoming the world’s topmost natural gas producer.
Backing on the natural gas and oil reserves by securely using hydraulic fracturing has given a major boost to the nation’s economy and energy security. However, with an infrastructural boost, the US can completely capitalize on this energy abundance:
“Natural gas production has created over 150,000 jobs across the nation. And as domestic production continues to increase, and natural gas prices remain low, our economy reaps the benefits,” said Perry. He further added, “American families enjoy a lower cost of living, and our businesses see reduced operating costs, make greater investment, and increase employment opportunities.”
Using more and more natural gas has helped the US to cut down on carbon dioxide emissions by 14 per cent from 2005 to 2017. The nation has achieved a holistic growth of both its economy and the environment simultaneously, while generating new opportunities to promote global energy security.
Perry also discussed the gains of the US energy renaissance. The benefits of renaissance can be consistently developed with the right federal and state policies. This can be achieved through the avoiding the anti-energy proposals, such as restricting the production of natural gas and oil in Colorado, the nation’s fifth-largest natural gas producer and seventh-largest oil producer.
This trend is creating new dimensions for the US, on numerous fronts. Concurrently, it is a fact that a strong domestic energy framework isn’t auto-loaded.
Show Comments (0)