The new normal includes undeclared war, broken supply chains, steep inflation, and energy shortages – all leading to social upheaval and instability around the world. Dependable, affordable energy is a critical but underappreciated component of national security, and American natural gas can be a strategic solution in rebalancing global energy equilibrium.
European leaders pursued economic and energy policies that led to dangerous levels of dependence on Russian gas supplies, resulting in devastating energy and financial crises. As a strategic partner, America can provide European allies with safely produced, reliable supplies of natural gas products.
America has abundant natural gas resources to share, and responsible production benefits both the U.S. and our partners through improved diplomatic relationships, quality jobs, and national energy security. The environment also benefits from cleaner production and processing capabilities of U.S. producers.
The U.S. Energy Information Administration projects U.S. LNG exports will reach 11.5 billion cubic feet per day in 2022. In the first four months of 2022, LNG shipments from the U.S. to the EU and the UK have more than tripled, compared with 2021.
Collections from Pennsylvania’s impact fee, topped $234 million for 2021, the Pennsylvania Public Utility Commission reported, a 60 percent increase from the previous year and second highest on record. Since 2012, the natural gas tax has generated more than $2.3 billion in revenue that directly benefits municipal and county governments, as well as statewide environmental conservation programs and state agency oversight of the industry.
Energy is essential to our national security and quality of life. It can be shared with global partners via liquid natural gas to provide a lifeline in a time of need and doing so benefits the community and the environment.
U.S. policymakers should encourage responsible production to promote natural gas by providing infrastructure approvals, export capacity expansion, and production growth incentives.
Aug 25, 2022
Business titan Jamie Dimon, CEO of JPMorgan Chase, says American oil and gas can help other countries reduce dependence on dirty fuels like coal, which will reduce global CO2 emissions. In a message to shareholders, Dimon said "national security demands energy security for ourselves and for our allies overseas," noting that "using gas to diminish coal consumption is an actionable way to reduce CO2 emissions expeditiously."...
Mar 09, 2022
Energy demands naturally fluctuate throughout the year, with colder months typically being the most energy intensive. Natural gas is a key component of the world’s energy mix and is produced year-round to account for peak demand. During the summer, when supply exceeds demand, natural gas is routinely stored in vast underground formations where it can be easily extracted in the winter when demand outpaces production....