Principles for American Energy Progress: What America is Thinking on Energy Issues
The United Stats is the world's leading producer of oil and natural gas, and as a result of greater use of clean-burning natural gas and cleaner, more efficient fuels, we are also a world leader in reducing carbon emissions and other air pollutants. We have a proven model for achieving environmental progress without sacrificing jobs, economic growth, energy security or consumer affordability. Our political leadership has the opportunity to continue, and expand upon, the American energy revolution.
In the past decade alone, technological advances in oil and natural gas production have ushered in a new era. American crude oil production jumped 88 percent between 2008 and 2015, and natural gas production increased 48 percent since 2005. The turnaround has helped reduce gasoline prices, fuel imports, and heating and electricity costs for households and businesses, while at the same time cutting carbon emissions to near 20-year lows. Technological improvements are not just limited to production; between 1990 and 2014, U.S. refiners spent $154.4 billion on environmental improvements–helping contribute to cleaner air.
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