'We should not lose sight of the backbone of our energy system: natural gas. It’s good for our economy, it helps with our climate goals, and it provides a key lever in achieving our national security interests.' -Jeffrey Kupfer
conducted by NERA Economic Consulting for the American Council for Capital Formation found that there are sufficient natural gas supply resources to support both domestic and export demand within a reasonably low-price range of $3 to $4/MMBtu .
The use of natural gas has also helped the U.S. meet its national climate goals. According to a recentby the Clean Air Task Force and Ceres, the reported methane and greenhouse gas emissions in the oil and gas sector have declined 28% and 30%, respectively, between 2019 and 2021, despite an increase in natural gas and total hydrocarbon production.about certifying the emissions profile of U.S.
So even as we go back to the ups and downs of the daily news cycle, we should not lose sight of the backbone of our energy system: natural gas. It’s good for our economy, it helps with our climate goals, and it provides a key lever in achieving our national security interests. It is not just a lesser evil that we should tolerate, but a strategic asset that we should celebrate.
Jeffrey Kupfer, a former acting deputy secretary of energy in the George W. Bush administration, is the president of ConservAmerica and an adjunct professor of policy at Carnegie Mellon University’s Heinz College.
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