New Decade… New Resolve on Climate Change
It’s only the first week of January and already natural gas is showing tremendous potential in 2010 and beyond. As consumers and businesses turn increasingly to this clean, abundant and domestic energy source, experts are predicting that natural gas will play a key role in helping meet our country’s growing clean energy needs.
Fort Worth Business Press reported today on the Energy Information Administration’s recently released “Annual Energy Outlook 2010,” which looks at power generation and consumption for the next 25 years. The federal agency forecasts that natural gas and its partner, renewable power plants, will account for the majority of new electricity expansions. The Outlook also forecasts that annual domestic natural gas production will grow to 23.3 trillion cubic feet by 2035. Put in perspective, just 1 Tcf can heat 15 million homes (or fuel 12 million natural gas powered vehicles) for a year!
This clean energy growth also underscores the critical partnership between natural gas and renewable energy sources, such as wind and solar. Natural gas provides the essential foundation for the build-out of renewables, providing clean, reliable back-up energy when the wind dies down or on cloudy days. And according to the EIA, we will continue to have abundant supplies of North American natural gas that can help fuel our clean energy future for generations to come.
Vast new domestic supplies of natural gas are also good news for our recovering economy. Pennsylvania’s Morning Times today reported on a Pennsylvania College of Technology study estimating the creation of 98,000 jobs and $14.2 billion in contributions to the state’s economy in 2010. If that’s just for Pennsylvania, imagine what natural gas can do for the nation as a whole.
Last year, IHS Global Insight completed a study that found the natural gas industry already supports over 2.8 million jobs and contributed over $385 billion to the U.S. economy in 2008. From national policymakers to state utility regulators, auto manufacturers to consumers, these numbers are sure to grow as our nation continues to show its resolve to renew our economy while advancing our low-carbon future.
Great news to start the year off! Let me know what you think on Twitter @reginahopper!






















