While consumer spending on health care, education and food has surged over the last decade, U.S. household energy expenditures have decreased nearly 15%. Thanks to the shale revolution, American families benefit from an abundance of homegrown natural gas and oil, which provides affordable, reliable energy and good-paying jobs.
For decades, U.S. lawmakers have promoted homegrown energy development for its potential to create jobs, reduce household costs and strengthen national security. New polling shows Americans also recognize the value of natural gas and oil in their lives, and most support political candidates who advocate for ongoing domestic energy production. Democratic, Republican and independent voters all agree that natural gas and oil will remain essential to the U.S. energy mix over the next few decades, and an overwhelming majority find it important to reduce our dependence on foreign energy. With smart policymaking and private-sector innovation, the natural gas and oil industry can empower our economic recovery and long-term energy security, delivering on the needs of the American voters. Dig into the data to learn more.
Join The American Petroleum Institute's Jack Gerard in a discussion about Americas energy renaissance.
Based on the models used, a U.S. policy of “keep it in the ground” is projected to generate the following impacts relative to a reference case similar to EIA’s Annual Energy Outlook 2016 Reference Case. The keep it in the ground scenario includes no new oil and natural gas leases on private, State or federal lands, a ban on hydraulic fracturing, no new or expansions of existing coal mines, and no new energy infrastructure to transport oil and natural gas within and outside of North America.
Energy is that rare issue to achieve broad support across the political spectrum. A recent poll found that 73 percent of all voters – including 67 percent of Republicans, 76 percent of Independents and 79 percent of Democrats – support establishing a national energy policy that ensures a secure supply of abundant, affordable and available energy in an environmentally responsible manner.
See a video of Jack Gerard, API President and CEO at a Vote4Energy event (June 21, 2016) discussing energy and the election as well as API's recommendations to the Democrat and Republican party platform committees. See also the Harris Poll showing that 73 percent of all voters support establishing a national energy policy that ensures a secure supply of abundant, affordable and available for the American people in an environmentally responsible manner.
The United Stats is the world's leading producer of oil and natural gas, and as a result of greater use of clean-burning natural gas and cleaner, more efficient fuels, we are also a world leader in reducing carbon emissions and other air pollutants. We have a proven model for achieving environmental progress without sacrificing jobs, economic growth, energy security or consumer affordability. Our political leadership has the opportunity to continue, and expand upon, the American energy revolution.
The United States is the world's leading producer of oil and natural gas, and as a result of greater use of clean-burning natural gas and cleaner, more efficient fuels, we are also a world leader in reducing carbon emissions and other air pollutants.
Our nation’s economy continues to improve while America has become a world leader in energy production and in the reduction of greenhouse gas emissions, achievements long thought to be mutually exclusive. America’s 21st century energy revolution is the result of industry-led innovations and entrepreneurial spirit, not government regulation and mandates. America’s brighter energy reality benefits consumers and our economy by providing abundant, affordable and reliable energy and a cleaner environment. To continue America’s positive energy, economic and environmental progress, we need to get our nation’s energy policy right today.
Today, America is a global energy leader. A fundamental reordering of the world’s energy markets has elevated the importance of North American energy production and reduced what had been the once-dominant roles of OPEC and Russia on the world energy stage. The energy policy decisions we make today will either keep us on the road to years of American energy leadership or reverse course back to an era of energy scarcity, uncertainty and dependence.