AGA Report: The Profound Impact of Shale Gas
Last week the American Gas Association (AGA) released a new economic report detailing that on average, customers saved $175 on their natural gas bills due to the abundant supplies of natural gas in the U.S., mostly from shale gas. Commercial customers saved an average $1,100 per year (see a copy of the full report embedded below).
The report also shows that for 2011, new jobs generated by the shale industry in this country was 150,000—or 9 percent of all new jobs created. Additionally, another 194,000 jobs were held by people who provide goods and services to the shale industry. Astonishing for a single industry to have such a profound impact. As MDN has recently reported, UGI and other utilities are cutting gas rates for customers—drastically. And all because of hydraulic fracturing of shale gas.
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This is big news folks. You may recall that the federal Environmental Protection Agency (EPA) is conducting a multi-year study of hydraulic fracturing in a transparent attempt to seize control of oil and gas drilling in the U.S.—grabbing that control away from the individual states who are empowered under the U.S. Constitution to regulate drilling in their own states. As part of the EPA study, they are analyzing water samples in locations where there has been a lot of shale gas fracking (
Ohio legislators have been working to craft new shale oil and gas drilling rules that will do more to protect the environment, and at the same time, help protect the fledgling shale drilling industry in the state. New legislation passed in committee yesterday that will now go to the full House includes a provision to help prevent frivolous lawsuits brought by deep-pocketed anti-drilling groups, like the Ohio Environmental Council and the Sierra Club. These groups, who are opposed to expanded use of fossil fuels, use the legal system to tie up shale drillers in court and force them to spend huge sums of money as a tactic to reduce fossil fuel mining and use.