October 22, 2013

Natural gas and US dominance

The U.S. is now the world's top natural gas producer.

The U.S. is now the world's top natural gas producer. According to NPR, this fact is widely known, but many of its implications aren't. Here are some of the facts the news radio organization revealed to curious listeners through its website:

U.S. natural gas dominance comes from fracking
Though it is controversial, fracking is indisputably the source of the U.S.' rise to the top in natural gas production.

Natural gas prices are falling
The price of natural gas is falling in the U.S. because of how much of it the country is able to produce rather than import. This is having a significant impact on the way industry and energy alike operate in the country. For example, the U.S. burns much less coal now that natural gas is cheap and abundant, changing the way energy is generated for many homeowners and businesses across the country.

Furthermore, manufacturers that use natural gas are enjoying the low prices and founding new plants and factories nationwide. Companies from all over the world that engage in the manufacture of plastics, for example, are setting up shop in the U.S., driving job growth in manufacturing overall.

The energy renaissance has more far-reaching effects than is generally known, and maintaining it is important to America's economy.