By December 14 2014
Safe, job-creating American shale development continues to climb at a “breakneck pace”, according to the U.S. Energy Information Administration’s (EIA) monthly drilling productivity report released yesterday. And based on EIA’s new data, Reuters reports that our nation’s natural gas production growth is “driven primarily by output from the Marcellus.”
President Obama recently highlighted these important shale-related benefits, stating:
“We are closer to energy independence than we’ve ever been before — or at least as we’ve been in decades. We are importing less foreign oil than we produce for the first time in a very long time. We’ve got a 100-year supply of natural gas that if we responsibly tap puts us in the strongest position when it comes to energy of any industrialized country around the world.”
The President is absolutely right. And this widely-shared goal of strengthened energy security for America and economic opportunity, especially as it relates to boosting our manufacturing based, was on display late last week in Philadelphia. Sponsored by the Greater Philadelphia Chamber of Commerce, Friday’s event at Drexel University – titled Greater Philadelphia: The Next Energy Hub – brought together business, labor, academia and thought-leaders focused on further leveraging the Commonwealth’s abundant natural gas supplies for the greater Philadelphia economy and its workforce.