Lower market prices, changes in natural gas extraction efficiencies and other challenges may give the impression that domestic natural gas supply is falling. In fact, production and other key supply metrics continue to grow in the United States. Production, reserves and undiscovered resources are all up over the past two decades. These observations have altered expectations for the gas industry, in a positive way. In addition, this AGA fact sheet notes that recent field data describing associated greenhouse gas emissions (as they apply to the natural gas value chain) are supporting the view that natural gas is a key energy source for reducing the nation’s carbon footprint.
For information contact: Chris McGill, Vice President-Policy Analysis