Natural gas is an affordable, reliable and environmentally sensitive fuel source compared to other non-renewables such as coal and oil.
According to the Energy Information Administration, natural gas production and consumption climbed to a record high level in 2012.
Natural gas currently accounts for less than 30 percent of electricity generation in the United States, and satisfies roughly 50 percent of America’s home heating needs.
Energy experts are predicting this trend will accelerate in the upcoming decades, as natural gas production becomes more and more important to the energy mix of the United States.
CO2 emissions in the U.S. peaked to an all-time high in 2007, but have since declined by an estimated 12 percent.
The primary reasons for this is due to the domestic spike in natural gas production, and because natural gas releases approximately half of the CO2 of coal to generate a similar amount of electricity.
It’s important to note that the total number of natural gas rigs in the United States has fallen to unprecedented levels.
Compared to 2008 levels when the natural gas rig count peaked, the U.S. is producing roughly 16 percent more natural gas with only about one-third of the rigs.
This represents a remarkable surge in production over a relatively short period of time, as both policy makers and energy producers began embracing the benefits of natural gas production.
According to an article by Bloomberg, the United States has almost three times as much recoverable natural gas as the federal government originally projected.
Based on their figures, the estimated volume would place the United States third in the world in terms of confirmed, recoverable natural gas.
Because it is a cleaner, cheaper and abundant fuel source, the United States could dramatically reduce its carbon footprint if more emphasis was placed on energy generation from natural gas.
By embracing the responsible development of this natural resource, the United States could begin to more effectively break away from energy resources that are less environmentally sound, and drastically reduce our nation’s reliance on foreign energy imports.
With the cooperation of voters, policy makers, environmentalists and oil and gas producers like TAP Management, the United States could become a more self-sufficient energy nation, and more quickly shift focus away from traditional energy resources.