The sound bites have faded, the cheering has stopped and the confetti has been put away for another year. But the buzz still remains around at least one hot campaign topic — natural gas.
During their respective national conventions, Republicans and Democrats endorsed natural gas as critical to our national energy security and manufacturing and economic growth.
In his acceptance speech, President Obama urged Americans to follow “a better path”…
… where we develop a hundred year supply of natural gas that’s right beneath our feet. If you choose this path, we can cut our oil imports in half by 2020 and support more than 600,000 new jobs in natural gas alone.
While Democrats touted natural gas as “helping to bring jobs and industry back to the United States,” Republicans, led by GOP nominee Mitt Romney, highlighted the innovations enabling the U.S. to harvest natural gas to fuel economic growth and create near- and long-term jobs.
… we will respect the States’ proven ability to regulate the use of hydraulic fracturing, continue development of oil and gas resources in places like the Bakken formation and Marcellus Shale.
An American Chemistry Council study also provided evidence that supports Obama and Romney conclusions on the importance of shale gas to jobs.
The study found that a modest increase in natural gas production from shale deposits could generate more than 400,000 new American jobs, $132 billion in U.S economic output and $4.4 billion in new federal revenues while also revitalizing America’s chemical manufacturers and strengthening U.S energy security.
Clearly, if our policy leaders can come together to get this right, natural gas can be a rallying cry for all Americans seeking a strong and more secure future.