We need reliable energy to meet our growing needs. We need cleaner energy so we can all enjoy the benefits of reduced air emissions. And, we need abundant and domestic energy to reduce our reliance on foreign sources of energy and create jobs here at home.
How do we get there? The answer is right here – North America’s abundant supplies of natural gas. It’s time we put this clean, domestic resource to greater use for our environment, economy and energy security.
(took copy straight from ANGA site) http://www.anga.us/why-natural-gas/
EIA: Natural Gas Boom Will Continue for Decades
by Erica Bowman, posted on Monday, December 16, 2013
America’s energy boom will last for decades, according to the U.S. Energy Information Administration’s Annual Energy Outlook 2014, which was released today. Natural gas production, specifically, will grow steadily, increasing 56% from 2012 to 2040.
“Advanced technologies for crude oil and natural gas production are continuing to increase domestic supply and reshape the U.S. energy economy as well as expand the potential for U.S. natural gas exports,” Adam Sieminski, EIA Administrator, said in releasing the Annual Energy Outlook 2014.
By 2040, natural gas will account for 35% — the largest share — of total electricity generation, the report said. Electricity prices are expected to remain stable.
The increase in natural gas production will also lead to increased exports of both pipeline and liquefied natural gas (LNG). The U.S. will become a net exporter of LNG by 2016. Pipeline exports of U.S. natural gas to Mexico will grow by 6 percent a year to 3.1 trillion cubic feet in 2040 and those to Canada by 1.2 percent to 1.4 trillion. Over the same period, pipeline imports from Canada will fall 30 percent to 2.1 trillion cubic feet in 2040 from 3 trillion in 2012.
All this is great news for the environment, as the EIA says that total CO2 emissions will remain below their 2005 levels between now and 2040.
You can read an executive summary of the report here.
2016 Playbook Link
Few American industries are doing better right now than energy, particularly natural gas. (Another is the automobile sector.) And the impact on the U.S. economy is significant, adding $283 billion to the GDP last year alone, IHS has reported. By 2025, it will add about $533 billion. According to a recent IHS study, unconventional oil and gas production trends have led to higher household incomes, as well as boosted trade and U.S. competitiveness in the world economy.
In 2012 alone, more than 2 million jobs were supported by the unconventional oil and gas production industry. By 2020, more than 3 million American jobs will be supported by the industry. In 2025, IHS predicts that nearly 515,000 manufacturing jobs will be supported in some way by unconventional oil and natural gas. Thanks to lower energy bills, disposable income in U.S. households rose by an average of $1,200 per year in 2012; that figure is expected to nearly triple by 2025, according to IHS.