Energy is Driving Business and Jobs Booms
Posted June 24, 2014
Half the Natural Gas Extracted in America Now Comes from Shale
Smithsonian.com Magazine: The shale gas boom, spurred by fracking and horizontal drilling, is bigger than anyone thought it would be. According to the U.S. Energy Information Administration, natural gas derived from shale now makes up a full half of U.S. natural gas production, says Scientific American. Shale gas wasn't supposed to make up such a large portion of our gas supply for another ten to twenty years.
Almost all of the natural gas produced in the U.S. is burned in the U.S., and the development of technologies to pull gas from shale has created a glut of cheap energy.* America's cheap gas is drawing foreign companies to U.S. soil, and it's helping the country hit carbon emissions reductions targets. Shale gas' rising significance is partly due to increasing amounts of the gas being extracted and partly due to declining production from other sources of gas.
Earlier this month the Environmental Protection Agency proposed new rules to help fight climate change. The draft rules outline how states will need to cut the carbon emissions coming from the energy sector by 30 percent below 2005 emissions levels.
At the time, journalists pointed out that the recent widespread turn within the American energy sector to burning natural gas rather than coal means that, for many places, carbon emissions have already dropped by as much as 15 percent below 2005 levels. The gas glut has already helped the U.S. energy sector halfway to the EPA's proposed goal.
Read more: http://bit.ly/1v1qJcb
More industry news:
Oil is the New Gold: Inside North Dakota’s Oil Rush: http://ti.me/1o0362B
Natural Gas Launches Business Boom for Port of South Louisiana: http://bit.ly/1pxBtO1
Construction in Ohio County is Booming: http://bit.ly/VdSkwn
Opinion: Fracking Could Free Europe from Putin: http://onforb.es/1pJxTlO
Obama’s Keystone XL Delays are Damaging U.S. – Canadian Relations: http://bit.ly/1q4Tk2D
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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