America’s Natural Gas Alliance (ANGA) today offered praise to the Bipartisan Policy Center for its new report, America’s Energy Resurgence: Sustaining Success, Confronting Challenges, which highlights the critical role natural gas must play in America’s clean energy future and the significant contributions natural gas is making to a resurgence in America’s energy economy.
“We were pleased to see the Bipartisan Policy Center so clearly articulate how natural gas is creating economic opportunity and contributing to reductions in greenhouse gas emissions,” said Erica Bowman, ANGA’s chief economist. “It is also significant that the report recognizes the full range of benefits that come to our nation as a result of exporting liquefied natural gas.”
Natural gas has contributed to major reductions in U.S. greenhouse gas emissions since 2007. ANGA member companies’ commitment to safe and responsible development and to disclosing the contents of the chemicals used in hydraulic fracturing means our nation need not sacrifice environmental protection for the clean air, energy security and economic benefits natural gas offers.
Among the report’s notable findings:
- The United States is now believed to have sufficient natural gas resources to meet demand for many generations at current rates of consumption.
- Developing America’s abundant domestic energy resources provides multiple benefits. It spurs local and regional economic activity and job creation; generates revenues for federal, state, and local government; opens the door to potential export opportunities, while simultaneously allowing the United States to reduce energy imports.
- After reviewing recent studies on the impacts of LNG exports, BPC concludes that LNG exports are likely to have only modest impacts on domestic natural gas prices due to the fact that LNG exports will adjust as domestic prices rise or fall. Abundant low-cost supplies abroad and the significant costs of liquefaction and transport from the United States will further constrain U.S. export volumes, the report concludes.
The study highlights the need to fund the Interior Department at ample levels, so officials can process permits expeditiously for oil and gas development on federal lands. It also calls on Interior to produce consistent regulations. In addition, BPC points out the national security advantages of fuel diversity in transportation and notes positive steps to build fueling infrastructure and expand the use of natural gas vehicles, particularly in fleet applications and for use by railroads and the maritime sector.