I understand you are just presenting a counter argument to your original post, I just dont think it is economically feasible or worth it in the long run. facebook The main issue with the majority of environmentally-friendly solutions like wind and solar energy is poor reliability. Gas is an important input for . Whether we are providing grants to organizations, awarding scholarships to students or sponsoring a local event that brings community members together, our goal is to help build strong, vibrant communities through mutually beneficial relationships. This is very important because it leads to lower gasoline and energy costs for the average American. Our diversified and irreplaceable portfolio of high-quality, long-life energy infrastructure assets continue to produce strong results. Interesting hearing about the other side everyone is always critiquing this industry, so this is definitely a fresh new take at things that I have not seen more recently. However, as you mentioned, once the issues are address, natural gas may be very advantageous indeed. In order to do this, policymakers must fight to maintain certain policiesthat support the continued use of natural gas throughout the United States. Follow us for news and story ideas. Plus, each of these broader operations actually entails many functions. As a result, we have thousands of employees in this field who are unemployed and have nothing to do until they retrain themselves. Natural resources are materials from the earth that people use to meet their needs. In most areas, natural gas can cost much less than electricity to heat your home and the water you use. Now if there actually is a way to produce natural gases that we use for energy above the surface, then I think I would agree with your post more. Currently, the top natural gas producers in the world are: However, small natural gas businesses exist as well. Check out the above video to learn more about why natural gasand why what we do here at TC Energymatters so much! The government has shown a determination to modernise power generation, and provide a reliable supply for all, most recently through policies like Saubhagya. Natural gas is a clean burning fuel, which provides a variety of benefits to the economy and average people. While it may not seem monumental that your coffeemaker wouldnt run without natural gas-fired electricity, if the same energy didnt reach the traffic lights we rely on for safety, it would be catastrophic. We cool natural gas to liquid for easy shipping to energy-hungry places, and we convert it to make lower-emission fuels and other products. Look at the coal towns of West Virginia, they are some of the poorest areas in our country and they keep getting worse. Lower gas and utility prices mean cheaper goods, cheaper shipping, and cheaper transportation altogether. The United States is producing and consuming natural gas at record levels, bringing with it an array of economic and strategic advantages in improving U.S. trade and industrial competitiveness, while altering the electric power mix and thus providing for environmental benefits. He added in statements during signing a contract of supplying natural gas to the industrial area in Eastern Port Said between the General Authority for the Suez Canal Economic Zone and Sinai Company for Gas that his ministry is working to benefit from natural gas for achieving social and economic development. I just think that we shouldnt shift the focus entirely onto natural gas and not look into other energy sources at all. Our power assets are located in Canada and more than 75 per cent of the power we provide is generated from emission-less sources. But please dont think that I dont agree with your post at all, because thats not true! According to the IEA, natural gas is seen as "lower carbon" relative to other fossil fuels. For investors who want both profitability and longevity, the natural gas sector is the very first place to look. For more than 40 years, TC Energy has been engaging with Indigenous groups. As long as new, safer techniques for fracking are found that do less harm to the environment, I can see why natural gas would become the nations largest energy source by 2030. We are a leader in developing and operating energy infrastructure. The International Energy Agency (IEA) says that natural gas is viewed "as a. No matter which side the issue is viewed from, there are both benefits and disadvantages. As a safety measure, natural gas companies add an odorant to the gas so that people can smell the gas if it is leaking. It's plain to see: natural gas generates energyand can power generations. But, as long as the government continues making decisions based on economic factors, we can expect to see considerable improvements in our economy throughout the next few decades. Through Empower, our workforce giving program, we support and encourage our workforce to give back to their communities in ways that resonate with them personally, through fundraising, donating, volunteering, or even simple acts of kindness that help make the world a better place. Since natural gas can be produced at such cheap costs throughout the United States, it also plays a significant role in improving in our economy. Two categories, plants and animals, are considered renewable even though we may be entering the sixth mass extinction. It is a domestic energy source, which reduces our dependence on foreign . "I think a lot of economies around the world (are) really looking at EVs (electric vehicles) as the way forward for transport, but more importantly I think natural gas can really work to support these EVs," Zhi Xin said. If they continue to significantly affect policy decisions regarding fossil fuel usage and production, Americas oil and natural gas boom could quickly come to an end. How to Get Work in the USA If You Live Abroad? And if the US continues to rise internationally as a provider of energy and jobs, the natural gas industry will play a huge role in that. Transmission pipelines often cross through multiple states, moving the natural gas long distances to get it closer to the end users. This years 2021 Report on Sustainability builds on our sustainability strategy, establishing clear metrics and targets for all our commitments, to turn our goals into action and advance our progress in protecting our planet and empowering people to support a shared prosperity. Previously, the United States imported a majority of its oil from other areas of the world such as the Middle East, but with the abundance of natural gas available, this is no longer necessary. This makes India third biggest oil importer after USA and China. With that being said, I understand both the environmental side of the issue and the economic side of the issue. With a desperate need for jobs and increased national security, the use of natural gas has significant advantages that arent as superficial as, say, stimulating green energy startups in California simply to appear to be fostering cool, new solutions to the very real problem of energy extraction. One proven way to reduce emissions and still meet consumer demand is by switching to natural gas-sourced electricity. As the world looks to diversify its energy mix one source, natural gas, is becoming increasingly important. Oil is one of the most important raw materials we have. By 2040, in the USA, households are expected to save about $665 per year on energy bills thanks to the rising popularity of natural gas. That being said, however, I dont know if I agree with what you said about the production of natural gas itself- I was not aware that it could be so easily produced, I thought that there was a finite amount under the Earths surface, and that once its depleted, its gone. Much new investment is in renewables, especially solar, while coal remains the dominant feedstock. As these environmentalist groups become more active and gain more attention in the media, they are also shifting the views of policymakers. Cameron Davidson | Photographer's Choice | Getty Images, A submerged buoy-like device is harnessing the sea's 'epic amounts of energy' in Scottish trial, EV battery firm Britishvolt averts immediate collapse with short-term funding, U.S. and UAE sign strategic partnership deal to spur $100 billion in clean energy investment. Recently, I read about a new fracking technique that substitutes water with another fracking fluid (http://techland.time.com/2013/11/14/the-25-best-inventions-of-the-year-2013/slide/waterless-fracking/). Although it is obvious that the effects of fracking are not good for our environment, new methods for the extraction and production of natural gas are constantly being proposed that assure a reduction in the generation of greenhouse gases and other toxins. Of course, there are many legitimate concerns regarding the use of natural gas, which should not be disregarded lightly. What is natural gas and why is it important? Since 2005, the United States has reduced its percentage of imported energy from 30 percent to 16 percent. 2022 CNBC LLC. Overall, besides natural gas, the rest of the clean energy options depend on the weather, which is unpredictable. And that's where gas really comes in as a bridging fuel: it is clean, and it can provide base load power. We want to hear from you. The global economic recovery in 2021 following the Covid-19 pandemic has led to higher consumption and thus higher prices. Ninety-nine percent of the natural gas used in the United States comes from North America. Our scholarships are an easy way to get financial support for school. Clearly, this is bound to create countless jobs in an array of different industries. It also fuels many industrial processes that produce materials and goods ranging from glass to clothing and it is an important ingredient in products such as paints and plastics. The odorant is called mercaptan, which is a harmless chemical that gives the natural gas a distinct and unpleasant odor that smells like rotten eggs. "EVs really require power from the grid, and that's where natural gas being used in the power generation sector could support the development of all these electric vehicles," he added. The advantages you mentioned may outweigh the disadvantages that may soon be solved however. Its one of the most economical energy resources in the world. Natural gas extraction is vital to our economy and way of life. If the wind isnt strong enough or the sun doesnt shine regularly, the energy supply goes down. Natural Gas Today. The math is simple: Big banks are fleeing oil. The International Energy Agency (IEA) says that natural gas is viewed "as a good source of electricity supply" for a range of reasons. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. For example, the oil industry has created jobs for many people and generates profits that enable governments to provide services such as education and health care to their citizens. Oil and gas are also important for the number of jobs they provide. Besides reliability, the gass availability is also widening. Investing in natural gas production would be continuing our dependance on fossil fuels, which sooner or later is going to run out, or be too bad for the environment that we have to stop use of them completely. For its part, the U.S. Department of Energy has described natural gas as playing a "vital role" in the U.S. energy supply. We will balance discipline and creativity as we embrace the vast opportunity set before us. Together, these reports provide a comprehensive overview of the Companys environmental, social and governance (ESG) targets and performance metrics. Producing more American energy will create new jobs, reduce our dependence on foreign oil, strengthen our national security and raise revenue to help tackle the $16 trillion national debt. Natural gas is an important resource for fueling electric power plants, heating homes, and creating such common goods as plastics. ", A range of uses Wood Mackenzie's Chong Zhi Xin went on to tell Sustainable Energy that natural gas had a range of uses. Natural gas is the cleanest-burning hydrocarbon. MANILA, Philippines - In 2017 . Data is a real-time snapshot *Data is delayed at least 15 minutes. Safety is, and always will be, our number one value. Natural gas has been and continues to be the most significant contributor to reducing carbon emissions in the U.S., driven in large part by a conversion from coal to natural gas-powered electricity generation. Natural gas is natural because it started from organic matter (plants and animals) buried over time below the earths surface millions of years ago. Share. Invested in Sustainability The situation could turn out to be the same with natural gas production. There are always two sides to every issue, and I am glad that you explored both sides of the use of oil and natural gas as an energy source within our nation. 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