Over the past few years, advances in technology have allowed us to discover and develop abundant supplies of natural gas within shale plays across the United States and Canada.
These discoveries have fundamentally transformed the long-term outlook for natural gas supplies - stabilizing the market, expanding our energy choices and transforming our nation into a global clean energy leader, rather than simply a large energy consumer.
The world's largest producer of this clean energy resource isn't Russia, Iran or Venezuela. It's the United States of America.
Pick your authority: The Department of Energy, the Potential Gas Committee, MIT - the list goes on. They all say the same thing: It is now the established scientific consensus that we have enough natural gas here in North America to power our economy for generations. In fact, already today, IHS Global Insight forecasts that the typical U.S. household will save $926 annually in disposable income from 2012 to 2015 thanks to cost savings that result from this new age of shale gas abundance. These savings are forecast to rise to nearly $2,000 by 2035.
Stable, abundant supplies mean stable markets, making natural gas an increasingly attractive option for power generation, transportation, industrial and residential uses.
Thanks to U.S. shale plays, these vast supplies of domestic natural gas mean that there is enough natural gas available at lower prices to power and heat our homes and businesses and run our vehicles for generations to come.