Thanks to new technologies, such as horizontal drilling coupled with hydraulic fracturing, which are allowing us to safely produce our abundant, domestic supplies of clean-burning natural gas, our nation’s energy security has been dramatically bolstered. And more energy that is safely produced here at home is helping consumers save. In fact, President Obama said this during his 2013 State of the Union Address to the American people:
- “After years of talking about it, we are finally poised to control our own energy future. We produce more natural gas than ever before – and nearly everyone’s energy bill is lower because of it.”
Likewise, NBC News reported this:
- American households are also getting a big break on the lower cost of natural gas and electricity. IHS economists estimated that the energy “dividend” amounts to about $1,000 a year per household and will double by 2035. “It’s a fairly substantial return of wealth to the American consumer,” [Larson] said. Increased U.S. oil and natural gas production also promises to help rebalance the long-running trade gaps that have weakened the dollar.
And while natural gas prices — like virtually every commodity — will ebb and flow over time, it’s quite clear that our abundant and growing resource base will help keep energy prices affordable for American consumers and businesses for literally decades to come.
