The last time we checked, there were some 9.2 million Americans whose jobs were supported by
U.S. oil and natural gas industry, including me.
The U.S. oil and natural gas industry pays its fair share.
But despite the fact that
the U.S. oil and natural gas industry is leading on the methane mitigation front, EDF plans to focus the early stages of its satellite study on the U.S..
A recent PricewaterhouseCoopers study reveals some important numbers about
the U.S. oil and natural gas industry, in terms of employment, labor income and value added in 2011:
Energy Nation brings together the men and women of
the U.S. oil and natural gas industry to channel their frontline expertise to promote more U.S. energy development, energy industry jobs and a stronger, more independent American energy future.
The U.S. oil and natural gas industry provides energy security and economic benefits to our nation, supporting more than 9.8 million jobs and contributing $ 1.2 trillion in added value to the economy.
During these challenging economic times, there are plenty of facts and figures to show how
the U.S. oil and natural gas industry is creating jobs and economic opportunity across the United States.
As the American Petroleum Institute pointed out earlier this week, in 2010
the U.S. oil and natural gas industry delivered $ 476 billion in benefits to the U.S. economy — more than three times the amount it earned.
I suggest they look at what's happening in
the U.S. oil and natural gas industry, which — with its emphasis on innovation and technology — continues to be a powerful resource on both of these fronts.
The Independent Petroleum Association of America argued in a statement that the ICR «should have been a real opportunity for the decision - makers at EPA to better understand the complexities of
the U.S. oil and natural gas industry» but that «ended up not being the case.»
Not exact matches
Just days later, the
U.S. president made clear in his State of the Union address that when it came to the other big eco-controversy in America — hydraulic fracturing, or «fracking,» to access
natural gas reserves — he was siding with the
oil and gas industry.
The push by the
U.S. energy
industry into hydraulic fracking
and horizontal drilling unleashed an energy boom, making the United States the world's biggest producer of
natural gas and just recently the second - largest producer of
oil, surpassing Saudi Arabia.
Keeping in mind the enormous stake that panel members ExxonMobil
and Shell have in the
oil,
natural gas and coal industries, here is a look at the panel's take on why oil and coal have been so difficult to replace by the following alternative energy sources: Natural gas ExxonMobil favors boosting the U.S.'s consumption of natural gas, in part, because it produces at least 50 percent less greenhouse gas per hour when burned compared with coal, Nazeer Bhore, ExxonMobil senior technology advisor, said during the
natural gas and coal
industries, here is a look at the panel's take on why
oil and coal have been so difficult to replace by the following alternative energy sources:
Natural gas ExxonMobil favors boosting the U.S.'s consumption of natural gas, in part, because it produces at least 50 percent less greenhouse gas per hour when burned compared with coal, Nazeer Bhore, ExxonMobil senior technology advisor, said during the
Natural gas ExxonMobil favors boosting the
U.S.'s consumption of
natural gas, in part, because it produces at least 50 percent less greenhouse gas per hour when burned compared with coal, Nazeer Bhore, ExxonMobil senior technology advisor, said during the
natural gas, in part, because it produces at least 50 percent less greenhouse
gas per hour when burned compared with coal, Nazeer Bhore, ExxonMobil senior technology advisor, said during the panel.
It's estimated that 89.9 billion barrels of
oil and more than 470 trillion cubic feet of
natural gas have yet to be discovered on the
U.S. outer continental shelf —
and past estimates have proved to be well below what ultimately was discovered by
industry.
The
oil and natural gas industry has invested $ 89.9 billion in emissions - reducing technologies, according to a study by T2 Associates — nearly as much as the rest of
U.S. - based private
industries combined
The
U.S. is now a global
oil and natural gas superpower — not because of biofuels, but through investment in the
oil and gas industry and increases in domestic production.
From 2005 to 2015 production of
natural gas increased nearly 50 percent, while methane emissions from
natural gas systems remained relatively flat, increasing by just 1.7 percent.17 Furthermore, methane emissions from the
oil and natural gas industry make up just 4 percent of total
U.S. greenhouse
gas emissions.18
Because of the innovation of America's
oil and natural gas industry, the
U.S. is now leading the world in production of
oil and natural gas and in the reduction of carbon emissions, which are near 20 - year lows.
And it has been critical in facilitating North American energy integration, which enhances U.S. energy security, supports millions of American jobs in the oil and natural gas industry, contributes to the U.S. economy, and helps make energy more affordable.&raq
And it has been critical in facilitating North American energy integration, which enhances
U.S. energy security, supports millions of American jobs in the
oil and natural gas industry, contributes to the U.S. economy, and helps make energy more affordable.&raq
and natural gas industry, contributes to the
U.S. economy,
and helps make energy more affordable.&raq
and helps make energy more affordable.»
The American Petroleum Institute, the trade group for the
oil and natural gas industry, is trying to re-write history by claiming that it has remained «neutral» about
U.S. climate legislation.
Oil and natural gas production
and processing accounts for nearly 40 % of all
U.S. methane emissions, making the
industry the nation's single largest methane source.
Investing in our nation's infrastructure will not only allow the
oil and natural gas industry to keep pace with energy demand, it will also help keep energy affordable for the consumer, while creating wellpaying jobs, giving
U.S. manufacturers a competitive advantage through lower energy
and raw material costs
and providing revenue to local, state
and federal governments.
Because domestic energy is more abundant, Americans have renewed mobility — literally, in the form of cheaper gasoline that's largely the result of
U.S. crude
oil impacting global markets
and economically, because of
oil and natural gas industry - supported job creation
and investment,
and a manufacturing renaissance spurred by affordable fuels
and feedstocks.
This includes expanding
U.S. oil and natural gas development, reviving the coal
industry, rolling back EPA's Clean Power Plan,
and withdrawing from the Paris climate agreement.
ICF International, Economic Analysis of Methane Emission Reduction Opportunities in the
U.S. Onshore
Oil and Natural Gas Industries, prepared for Environmental Defense Fund (2014).
Trump highlighted the Obama administration's regulatory onslaught on the energy
industry —
and, indeed, our
industry faces dozens of initiatives by agencies across the breadth of the government that could needlessly constrain energy development
and derail an energy renaissance that has made the
U.S. the world's leading
oil and natural gas producer.
Authoritative sources such as EarthTrack have placed the fossil fuel
industry's tax
and fiscal subsidies at around $ 25 billion a year, a figure that pales beside the roughly $ 1,000 billion (one trillion dollars) paid annually for coal,
oil and natural gas burned in the
U.S. Do the math: withdrawing those subsidies would lead to at most a 2 - 3 percent rise in the market prices of fossil fuels — scant incentive to reduce their use
and concomitant emissions of CO2.
The EPA estimates methane emissions from the
oil and natural gas industry in its annual Inventory of U.S. Greenhouse Gas Emissions and Sin
gas industry in its annual Inventory of
U.S. Greenhouse
Gas Emissions and Sin
Gas Emissions
and Sinks.
«The
natural gas and oil industry supports millions of
U.S. jobs
and invests billions into the
U.S. economy each year,
and an updated tax code will allow our
industry to accelerate investments
and help unleash economic activity.
Named the
U.S. News & World Report - Best Lawyers» 2015 Law Firm of the Year for Energy, our team serves the electric power sector (conventional, nuclear, renewable, including wind
and solar,
and transmission), the
oil and gas sector (upstream, midstream,
and liquefied
natural gas, refining,
and petrochemicals), the water
industry,
and financial institutions, investment funds, project developers, state - owned enterprises,
and public - private partnerships in the energy sector.