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  October 4, 2011  Send to a Friend | Sign Up | Connect:
 

Dear William,

Five years ago, the United States was importing more oil and natural gas than today and we were searching for ways to import liquid natural gas. Today, we’re looking at a century’s supply of domestic natural gas, and we have far more oil resources than experts had previously estimated.

What has made this possible is advancements such as hydraulic fracturing and directional drilling, which have spurred a revolution in shale oil and gas development. Hydraulic fracturing is unlocking vast reserves of shale oil and natural gas, which could put hundreds of thousands more people to work, generate billions of dollars in government revenue and strengthen our energy security.

Operators are using the latest technologies to reduce environmental impacts associated with hydraulic fracturing. They’re disclosing information about hydraulic fracturing fluids and working with regulators for the enactment of practical and effective rules. At their request, we have been briefing and training state officials on how to use our widely recognized industry reliability and safety standards to improve their regulations.

As an industry, we’re talking with policymakers and communities where development is occurring to understand their concerns and explain what we’re doing, how we’re protecting local resources and how people will benefit. America is already reaping the benefits of this revolution, with the creation of vast numbers of much-needed jobs in Pennsylvania, North Dakota, Texas and elsewhere, and increased domestic energy production. The right government policies can help us provide even more.

Sincerely,

Jack Gerard
President and CEO
API

Learn more about the abundant potential of energy from shale at EnergyFromShale.org
 

     

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  About API: API represents more than 480 oil and natural gas companies, leaders of a technology-driven industry that supplies most of America’s energy, supports 9.2 million U.S. jobs and 7.7 percent of the U.S. economy, delivers $86 million a day in revenue to our government, and, since 2000, has invested over $2 trillion in U.S. capital projects to advance all forms of energy, including alternatives.        
 

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Jack Gerard, API
1220 L Street, NW
Washington, District of Columbia 20005-4070
US