American exports of liquefied natural gas (LNG) can help coal-reliant countries like China and India switch more rapidly to natural gas and greatly reduce their emissions. To enable this, we need to increase production of natural gas and build pipelines.
U.S. carbon emissions will continue to decline while other countries' emissions, especially in Asia, are projected to grow for at least the next decade as they rapidly add coal-fired power plants.
Natural gas is key to lowering carbon emissions - both in the US and globally. Using more natural gas for electricity generation has reduced US CO2 emissions to a 30-year low, more than any other country.
As we transition to a lower-carbon economy, natural gas is the only viable path to providing enough clean electrical power to charge our growing fleet of car and truck batteries and provide power to all-electric buildings.
Today, China's power plants emit four time more CO2 than those in the United States. On current trends, by 2030 China and India together will account for 42% of global CO2 emissions from power plants and rising, compared to 12% from the US and falling.
Restricting consumer access to affordable energy by stopping pipelines is costing families dearly, taking a bigger piece of their household budgets, especially difficult for low-income earners.
Access to cheap natural gas has given US manufacturers an important competitive advantage against foreign competitors, increased exports, boosted our manufacturing jobs & wages, brought overseas plants home, and given our economy a big shot in the arm.
Total employment across the supply chain is estimated to grow at an annual compound rate of about 3%, from about 524,000 jobs in 2012 to 757,000 jobs in 2025, a total increase of about 45%.
Average income per employee working for shale oil and gas supply chain companies is estimated at about $79,000.
The value of goods and services provided by the supply chain to shale energy operations will increase from nearly $146 billion in 2012 to almost $206 billion in 2025.
Shale energy supply chain jobs account for 2% of total state employment in Texas, Louisiana, and Oklahoma. Supply chain employment accounts for 1% of total state employment in Arkansas, Colorado, and Pennsylvania.
Shale energy supply chain workers' total incomes will grow from an total of $41 billion in 2012 to close to $60 billion in 2025.
Natural gas from hydraulic fracturing lowered the average American's household energy bill by $1,200 in 2012, by $2,700 by 2020, and by $3,800 by 2025.
"Responsible development of natural gas is an important part of our work to curb climate change and support a robust clean energy market at home."
Oil and gas from shale will contribute $468 billion annually to America's gross domestic product by 2020.
IHS estimates that total government revenues generated by the unconventional energy supply chain will increase from more than $13 billion in 2012 to more than $16 billion in 2015 and to about $23 billion in 2025.
Oil and gas from shale created 2.1 million American jobs in 2012; will create 3.3 million more jobs by 2020; 3.9 million more jobs by 2025.
The number of jobs created by the energy supply chain is estimated to grow from about 524,000 in 2012 to 757,000 jobs in 2025, an annual compounded growth rate of about 3%, and an increase of about 45%.
Total U.S. crude oil production is averaging 12 million barrels per day, up from 5 million barrels per day in 2008, an increase of 140%.
The amount of labor income generated by employment across the unconventional energy supply chain will grow from $41 billion in 2012 to $60 billion in 2025
Oil and gas from shale will lower the American trade deficit by $180 billion per year by 2022.
"The contrast between the United States and other large importers is striking: annual energy imports in the United States have fallen by 50% since 2008, while they increased slightly in the European Union and continued to climb in many other regions."
Oil and gas from shale contributed $75 billion of tax revenues in 2012; $125 billion annually by 2020; $138 billion annually by 2025; $1.6 trillion cumulative from 2012 to 2025.
"Environmentalists who oppose the development
of shale gas and fracking are making a tragic
mistake." Richard A. Muller (University of California - Berkeley)
Between now and 2025, oil and gas from shale will cause over $200 billion of new investment in refining, processing, and chemical manufacturing capacity in the United States.
Because of shale energy development, US crude oil production has increased 140 percent since 2008, while imports have fallen 33 percent.
U. S. energy-related carbon dioxide emissions fell 12% between 2005 and 2015 and are at their lowest level since 1992, despite economic growth of over 80% during the period. The U.S. leads the world in CO2 emission reductions. Thank natural gas.
Proved reserves of natural gas increased by 123.2 trillion cubic feet (Tcf) (36.1%) to 464.3 Tcf at year-end 2017 - a new U.S. record for total natural gas proved reserves. The previous U.S. record was 388.8 Tcf, set in 2014.
Proved reserves of crude oil in the United States increased 19.5% (6.4 billion barrels) to 39.2 billion barrels at Year-End 2017, setting a new U.S. record for crude oil proved reserves. The previous record was 39.0 billion barrels set in 1970.
Carbon dioxide emissions from electricity generation have declined 26 percent since 2005 and are near their lowest levels in 30 years.
While in the last decade healthcare and education spending has increased by over 70 and 50 percent, respectively, household energy spending in America has declined by 10 percent.
The U.S. will need up to $1.3 trillion in energy infrastructure investment through 2035. This investment, on average, will annually support up to 1 million jobs and add up to $100 billion to GDP.
If current trends continue, by 2030 China and India together will account for 42% of global CO2 emissions and rising, compared to 12% from the US and falling.
Over the services lives of their installed capacity, China's and India's coal-fired electric generating plants together will emit twenty times more CO2 than will those in the US.