Article from February 2020
The State of American Energy
U. S. energy leadership offers stability in chaotic times and insulates America from hostile and unreliable suppliers of energy. The global benefits of American natural gas and oil on the international stage are compelling.
But if you want to know the value of energy leadership in 2020, you also must zoom in to see its benefits here at home. They’ re on display from the smallest American communities to our biggest cities. American energy is powering the lives of people across our nation.
Today we are introducing you to men and women from seven American communities. You learned about some of these leaders during lunch, and you’ ll hear from others after I conclude. Their stories are different, but their experiences are similar: American energy is helping revive their communities. From Colorado and New Mexico to Ohio and Pennsylvania, natural gas and oil development is energizing economies and improving millions of lives. In New Mexico, natural gas fuels the state’ s economy and future generations – to the tune of $ 1 billion toward state schools in one year alone.
Natural gas and oil help explain why, in parts of America that haven’ t seen job growth for decades, you’ ll now find a vibrant manufacturing base … people moving in … main streets busy again... businesses opening and hiring … and more tax revenue for schools, police, public works, conservation, and everything else that powers modern life. I’ ve had the chance to visit some of these communities – in New Mexico, Michigan, and Pennsylvania, and when people in those areas think of the natural gas and oil industry, they think of real and ongoing changes for the better – good-paying jobs, lower costs, worker safety, and reliable energy. For example, a local Michigan community leader told us that energy infrastructure brought growth and helped convince U. S. auto manufacturers to stay.
But these remarkable achievements were no accident. They were brought about by new technologies and practices that unlocked our vast energy resources. Hydraulic fracturing and horizontal drilling may be a mouthful, but they’ re as important as the invention of the iPhone. Thanks to fracking, America’ s net foreign energy imports have plummeted, and the U. S.
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