Innovation and Technology Boost U.S. Oil and Natural Gas Development
Posted June 23, 2014
Unleashing the Benefits of American Energy
CNBC (U.S. Rep. Fred Upton): Millions of vacationing families will be hitting the highways this summer where, for the fourth year in a row, they'll face gas prices above $3.50 a gallon. Prices are already closing in on $4 a gallon, and the political upheaval in Iraq threatens to push them even higher. Costly fill-ups may seem like the new normal, but they do not have to be. The right energy policies can help ease future pain at the pump, as well as on the monthly electric bill, and for goods on store shelves. Even better, these policies can create new jobs in the process. Indeed, we can unleash the benefits of the American energy superpower — but only if the Obama administration embraces our potential.
For nearly a decade, domestic oil production has been on the rise thanks to American innovation and advancements in drilling technology. Imports from countries like Saudi Arabia and Venezuela have been supplanted by increasing domestic supplies from states like North Dakota and Texas. Add in the growing production from Canada, and North American oil independence by the end of the decade is a reachable goal.
Even more remarkable is that America's oil resurgence has been achieved with one hand tied behind our backs by an administration hostile to abundant energy. Nonpartisan studies conducted for Congress reveal that virtually all of the increases in production have occurred on state and privately owned lands. But it is a much different story on the vast federally controlled onshore and offshore areas, where the Obama administration has clamped down on all but a trickle of new drilling.
Read more: http://cnb.cx/1szDlLA
More industry news:
How Innovation in Oil and Gas Production is Giving the U.S. a Competitive Edge: http://to.pbs.org/1lkgJdc
1 Million Barrels a Day and Growing: Oil Production Skyrockets in North Dakota: http://dailysign.al/1j7IPDZ
Now, More than Ever, Drill a Well, Bring a Soldier Home: http://bit.ly/1izG832
U.S. Chamber CEO: U.S. Energy Can Be a Positive Force in the World: http://uscham.com/1woagRK
Landowners Oppose Fracking Bans in Colorado: http://bit.ly/1wmRfPQ
Horizontal Drilling Fuels Latest Oklahoma Oil Boom: http://bit.ly/1wmQRRs
About The Author
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.
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