Why Has Biden Declared War on Natural Gas?Stephen Moore
Aug 22, 2023
Natural gas is the world's wonder fuel: cheap, abundant, made in America, reliable AND clean burning.
So why are the Biden administration and environmental groups against it? There's really no good answer.
What makes the Left's war against natural gas inexplicable is that the single biggest factor in reducing carbon emissions into the atmosphere has been the increased reliance on natural gas for electric power generation as we transition slowly away from coal. (By the way, emissions from coal plants have been dramatically reduced as well, which is one reason why the air that we breathe today is much cleaner than the air 20 or 50 or 100 years ago.)
No country produces more natural gas than America. Latest reserve forecasts predict we have nearly 100 years of natural gas with existing drilling technologies, and hundreds of years of potential supply. We're not running out. We are the Saudi Arabia of natural gas.
The two innovations that spurred the natural gas shale revolution of the last 15 years were horizontal drilling and hydraulic fracturing. These drilling technologies tripled our supply and output almost overnight.
No single person is more responsible for this energy revolution than Harold Hamm of Continental Resources. His new book "Game Changer" documents how drilling in places like the Bakken Shale in North Dakota and the Marcellus Shale in Pennsylvania and West Virginia helped triple U.S. oil and gas supplies while lowering the price we pay for energy.
He tells me that "U.S. natural gas price has fallen by more than half while the rest of the world has seen their prices double or triple." This means that our energy costs are a fraction of the costs that Europe and Asia pay. That is an immeasurable economic and geopolitical advantage America has.
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Source:
https://townhall.com/columnists/stephenmoore/2023/08/22/why-has-biden-declared-war-on-natural-gas-n2627330
