Massive new discovery proves: When you're allowed to explore for energy, historic oil and natural gas discoveries can follow. But there's a caveat. Given the long lead time it takes years...
Carnegie Mellon University released peer-reviewed study finding significant health and climate benefits as a result of the increased use natural gas for electricity generation.
Power generation, LNG exports globally and pipeline exports to Mexico and Eastern Canada, and new industrial demand are the three rapidly growing baseload natural gas demand markets.
US Energy Information Administration's Short-Term Energy Outlook projects that energy-associated CO2 emissions will fall to 5,179 million metric tons in 2016, the lowest annual level since 1992.
What if we'd just "left it in the ground?" The U.S. would be short 4.3 million jobs and over half-a-trillion dollars in annual GDP. Electricity prices would be 31% higher, we'd all be paying 43% more at the pump, carbon dioxide emissions would be 23% higher and we'd be importing 160% more oil. That's just to start.
Despite the negativity many associate with fracking, it has had a positive impact on mortgage defaults in areas where fracking occurred, according to research by a Clemson University finance professor.
"Pipelines are a vital part of this nation's energy infrastructure and ensuring they continue to operate safely will be critical to securing our energy future..."
To those of you that sell oil, coal, and natural gas: keep swinging. You sell the energy sources that constitute 85% of the world's energy... a world that is increasingly richer, healthier, and longer living.