“For the first time in 18 years, America is poised to produce more of our own oil than we buy from other nations. And today, we produce more natural gas than anybody else. So we're producing energy. And these advances have grown our economy, they've created new jobs, they can't be shipped overseas -- and, by the way, they've also helped drive our carbon pollution to its lowest levels in nearly 20 years. Since 2006, no country on Earth has reduced its total carbon pollution by as much as the United States of America.” –President Obama
We all need energy, for safety, for mobility, for growth. Fracking unlocks valuable energy from right here in America, powering our lives, fueling our economy, and securing our future. Abundant energy and having a good job in a growing economy are fundamental to the economic prosperity and social mobility of individuals and families alike. American oil and natural gas production is the answer.
The American people believe there’s a connection between safe and responsible oil and gas development and jobs, between economic growth and greater energy security, and the American people are right. Learn the good news about this groundbreaking energy solution.
The latest EPA Inventory of Greenhouse Gases found that methane emissions from natural gas systems fell 17 percent from 1990 to 2012, while natural gas production grew 37 percent during the same period, according to the EIA.
Although we've known for many years that natural shale gas and oil shale reserves were trapped in hard dense deposits of shale formed from ancient sea basins millions of years ago, we did not have all of the technologies needed to access these resources economically until recently.
After just two to five days of hydraulic fracturing, a well can supply oil or natural gas for 20 to 40 years.
The Department of Energy’s Energy Information Administration (EIA) updated its monthly “Drilling Productivity Report” with new estimates of oil production in America’s three, super-giant oil fields: the Bakken in North Dakota and Eagle Ford Shale and Permian Basin in Texas.
The Energy Information Administration released updated energy production data and new forecast projections in its monthly Short-Term Energy Outlook. Here are some highlights:
For decades, U.S. oil production fell as our reliance on imported oil grew. Today, new technologies have allowed for development of once inaccessible reserves, enabling the U.S. to increase its domestic energy production and improve energy security.