API: President should embrace America’s energy moment in SOTU
http://www.api.org/news-and-media/news/newsitems/2015/jan-2015/api-president-should-embrace-americas-energy-moment-in-sotu
...API is the only national trade association representing all facets of the oil and natural gas industry, which supports 9.8 million U.S. jobs and 8 percent of the U.S. economy. API’s more than 625 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms. They provide most of the nation’s energy and are backed by a growing grassroots movement of more than 25 million Americans.
Jack Gerard’s remarks at press briefing teleconference on Keystone XL
http://www.api.org/news-and-media/testimony-speeches/2015/jack-gerard-remarks-press-conference-api-to-launch-new-ad-campaign-ahead-of-sotu
...Yesterday’s announcement of new regulations on methane emissions from the oil and natural gas industry is case-in-point number one.
The facts on methane demonstrate that new regulations are not necessary. A recent EPA study found that methane emissions from hydraulic fracturing natural gas wells have fallen by 73 percent since 2011 even while energy production increased significantly. A 2014 University of Texas study found that methane emissions are 10 percent lower than what the same research team found in a study released in September 2013....
Save your breath Mr. Gerard..it won’t do any good.
The enterprise involved in converting raw materials into good and useful products, and the services that go toward delivering those products to the ultimate user, are for the most part powered by the energy extracted from natural gas, petroleum, and coal, all very concentrated forms of stored energy. There are other limited degrees of energy extracted from other sources, but that contribution is at best marginal and sometimes quite uncertain.
This conversion of energy to products and services, creates the true source of wealth and prosperity. The equation is as simple as that.