Jennifer Scott (202) 249-6512
WASHINGTON, D.C. (August 12, 2011) – The U.S. Department of Energy’s (DOE) Advisory Board Natural Gas Subcommittee issued a draft report on hydraulic fracturing yesterday. The report notes that “Natural gas is a cornerstone of the U.S. economy” and that shale gas production “has brought lower prices, domestic jobs, and the prospect of enhanced national security due to the potential of substantial production growth.” A final report is due in November. Additional information is available at http://energy.gov/articles/secretary-energy-advisory-board-subcommittee-releases-shale-gas-recommendations.
American Chemistry Council (ACC) President & CEO Cal Dooley issued the following statement:
“We are pleased to see that DOE’s report attests to the enormous potential of shale gas to drive job creation and economic growth while enhancing the nation’s energy security. For America’s chemistry industry, robust, responsible production of shale gas will be the deciding factor in whether shale gas is truly a game changer – driving new U.S. investment, manufacturing and jobs – or a story of unfulfilled promise.
“We echo the report’s support for use of best practices. And we support efforts to make information about chemicals being used in shale gas production available to regulators and the public, but ensuring appropriate protections for proprietary information is vital. The state of Texas recently enacted a law related to chemical disclosure in hydraulic fracturing that could serve as a useful guide for other states.
“As this issue develops, we will continue to work with state legislators and regulators around the country to ensure that any proposed regulations or laws support innovation, promote energy security and economic growth and are protective of the environment and communities where shale gas production is taking place.”
A recent American Chemistry Council study found that increased production of shale gas would produce nearly 400,000 new jobs in the chemical sector and among suppliers, increase U.S. economic output by more than $132 billion and provide $4.4 billion a year in local, state and federal taxes.
Learn more about energy and shale gas.