"A vast resource has been unlocked, which is putting money back in consumers´ wallets”
The U.S. electric power sector undergoes a transformation. While greater use of wind and solar power are part of the story, along with new ways to manage energy demand, the driver of this transformation is affordable, clean-burning natural gas. Thanks to the shale revolution, and surging natural gas production in states like Pennsylvania, the United States has become the biggest natural gas producer. A vast resource has been unlocked, which is putting money back in consumers’ wallets, giving our manufacturers a competitive edge. In fact, greater production and use of natural gas form has shared platform between the energy policies of the new Trump Administration and those of the Obama Administration. Weeks ago, President Obama heralded the progress of clean energy and highlighted the historic decoupling of energy sector carbon emissions from economic growth. He singled out natural gas and the shale revolution’s critical contribution in making this happen. Surprisingly, we are cutting emissions without raising utility bills. While demand for natural gas continues to grow — from the power sector, from manufacturers and from exports — natural gas prices are falling. The price of wholesale natural gas in 2016 was the lowest it’s been in 20 years, (U.S. Energy Information Administration). Our abundant supply of natural gas and the shale revolution have given the nation a market-based tool to make extraordinary environmental progress while actually cutting bills for ratepayers and accelerating economic growth.