On the recordNovember 19, 2010
Mr. President, the development of natural gas in the U.S. is vital to our energy security, environment, and economy. As we continue to craft policies affecting the development of natural gas, we must ensure participants in policy crafting are above reproach. U.S. natural gas supplies are abundant and will increase our Nation's energy security. There is an estimated 2,000 trillion cubic feet of U.S. natural gas reserves found in shale gas plays across the U.S. As countries around the world move aggressively to secure oil resources, U.S. natural gas reserves can play an important role in enhancing our energy security. The significant U.S. reserves of natural gas provide the opportunity to reshape our energy future. A recent study by the Massachusetts Institute of Technology, MIT, states that natural gas will provide an increasing share of America's energy needs over the next several decades, doubling its share of the energy market from 20 percent today to 40 percent. The increase in our natural gas reserves is creating economic opportunities for American workers and communities around the country. In 2008, natural gas companies directly employed roughly 622,000 Americans and indirectly sustained almost 2.2 million additional jobs. The industry contributed $385 billion to our Nation's economy in 2008 alone. Representing Oklahoma, I recognize the benefits of the natural gas industry all too well.…





