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PPI, for short, refers to the ways natural gas and oil empower everyday life while also helping people meet seemingly insurmountable challenges. We see this in routine items we use every day and in technologies that expand the boundaries of medicine, health, science, travel, agriculture and more.
A mix of energy resources will be needed to keep America’s future secure – from natural gas and oil to advanced biofuels and renewables. Natural gas and oil will lead the way, supplying about 63 percent of the energy we use in 2050, according to the federal government. That’s because natural gas and oil are energy-rich, abundant and reliable.
Too many things to name them all. Just for starters: smartphones, medicines, moisture-wicking clothing, wind turbine blades, vehicle air bags, fertilizer, cosmetics, solar panels, steel, plastics and more. Much more.
Renewables certainly are part of a sound energy future. The federal government projects they will supply about 14 percent of our energy in 2050. For renewables such as wind and solar to grow, they need natural gas as a partner – furnishing a reliable, quick-ramping fuel source when it’s cloudy or there’s not enough breeze to turn a windmill. Natural gas checks the boxes.
U.S. carbon dioxide emissions from electricity generation have fallen to levels not seen in 30 years, mostly thanks to increased use of clean natural gas. At the same time, methane emissions from natural gas systems have fallen more than 16 percent since 1990 – even as natural gas production increased nearly 52 percent – with the help of advanced technologies.
For starters, they’re taking it very seriously – proved by serious spending on technologies to advance climate objectives. We’re a leading investor in renewable energy (behind only the federal government and the utility sector), and our investments in zero and low-carbon technologies from 2000 to 2016 were more than twice that of any other industry sector.
We’ve gotten a lot smarter from a technology standpoint. We use advanced imaging to see through rocks and plot geologic formations, pinpointing the location of natural gas and oil thousands of feet underground. Fiber optics optimize well construction and monitor production, directional drilling allows a smaller surface footprint and infrared cameras help detect emissions.
Yes. Modern hydraulic fracturing and advanced horizontal well construction are guided by industry standards that ensure strong and effective well casing, protect groundwater supplies and direct site restoration so that landscapes are as good – or better – than they were before energy development started.
The United States is the world’s leading producer of natural gas and oil and the leading refiner, too. Natural gas production in 2017 reached 90.9 billion cubic feet per day, a record. Oil production hit 9.3 million barrels per day, the largest output since 1970. These production numbers translate into economic growth and increased national security, as the U.S. is less reliant on foreign energy sources.