Our nation benefits from having a diverse supply of energy sources. President Obama has embraced an “all-of-the-above” energy strategy, which recognizes the importance of this energy diversity. It’s a view we share, too.
Energy Secretary Ernest Moniz recently penned an op-ed discussing this strategy. In it, he notes the important role oil and natural gas are playing in meeting America’s energy needs:
“We’re producing more natural gas than ever before — a trend the Energy Information Administration forecasts will continue into the foreseeable future. Nearly half of the drop we have seen in U.S. carbon emissions is due to the market substitution of natural gas for coal in the electrical sector. And natural gas has had a remarkable effect on domestic manufacturing. As the President noted in his State of the Union address, businesses plan to invest almost $100 billion in new factories powered by natural gas.”
Much of today’s natural gas production is the direct result of hydraulic fracturing. While not explicitly mentioned in Secretary Moniz’ column, both he and President Obama know this. Without fracking, a great deal of the natural gas fueling our communities and driving business investment would be out of reach. And yet, there are sustained efforts throughout the country to undermine fracking and even make it illegal. If anti-energy activists behind these efforts succeed, the effect will be devastating on our nation’s economy and energy security.
It’s good to see President Obama and Secretary Moniz don’t appear to be persuaded by “sky is falling” rhetoric from these activists. Natural gas is an important part of an all-of-the-above energy strategy, and that means fracking is too.