Fracking brings good jobs and prosperity to towns across America. The industry supported 2.1 million jobs in 2012, across all 50 states, and could support 3.9 million by 2025. But the job numbers provide just a glimpse into the benefits energy safely and responsibly developed with hydraulic fracturing is having and will have on the lives of individual Americans and our broader economy. In 2012, energy from fracking and related chemical activity contributed almost $284 billion to GDP while abundant, affordable energy from shale has helped fuel a U.S. manufacturing resurgence. For U.S. households, the energy surge made possible by fracking has produced household savings through lower natural gas prices estimated at $1,200 per household in 2012. More
We all need energy, for safety, for mobility, for growth. Fracking unlocks valuable shale gas energy from oil shale reserves right here in America, powering our lives, fueling our economy, and securing our future. Having abundant energy and a good job in a growing economy are fundamental to the economic prosperity and social mobility of individuals and families alike. Taking advantage of American shale oil reserves and natural gas production is the answer. The American people believe there’s a connection between safe and responsible natural gas production and jobs, between economic growth and greater energy security, and the American people are right. Learn the good news about this groundbreaking shale gas energy solution. More
Hydraulic fracturing is safe and well-regulated by federal and state agencies. Fracking technologies and processes continue to be improved, guided by industry standards developed from experiences in the fracking field and which undergo rigorous review before adoption. Oil and gas operators acknowledge the challenges associated with hydraulic fracturing activities, which can include challenges important to a community. Principles of integrity, transparency, and consideration for community concerns underpin responsible fracking operations. Conscientious operators are committed to helping communities achieve positive and long-lasting benefits from hydraulic fracturing. Safe and responsible development of energy from shale is providing the energy we need and has helped lower U.S. energy-related emissions of carbon dioxide to its lowest level in two decades.
Fracking is not new – it’s an American innovation that’s been in use for more than 60 years. The onset of the modern shale revolution came with the marriage of advanced fracking and horizontal drilling, allowing operators to sink a well a mile or more deep before gradually turning it from vertical to horizontal. Innovation, experience, and a commitment to safety have unlocked vast reserves of energy – growing our economy and creating jobs while giving us a secure supply of the energy we use every day. Learn about the history of this pioneering technology.
The Good News At A Glance:
NATURAL GAS — AN ELECTRIC WIN
Politicians like to have visions – often broad aspirational statements that are mostly detached from any number of realities. We’re not opposed to visions per se, yet it’s good to remember a maxim that’s popular in the military: A vision without resources is a hallucination. So here’s our vision, outlined by API President and CEO Jack Gerard earlier this month:
“Energy is fundamental to our society … In this New Year let us all resolve to work together toward a shared vision of a world where everyone – without regard to zip code, state, nation, continent or hemisphere – has access to reliable, safe and affordable energy.”
This is no aspiration detached from reality. We know how to get the needed resources to actualize this vision – a market-driven, consumer-focused approach to energy policy that boosts our nation’s economy, helps the environment and benefits energy users here and around the world. It’s an all-of-the-above approach to energy that builds a diversified energy system around what makes sense and cents, not ideological preference. Taking that approach with electrical generation – as was seen in a study last summer by the U.S. Energy Information Administration (EIA) – presents a clear winner: natural gas.