Because the Barnett Shale supports our communities, Texas, and America. CLEAN Resources is a group of concerned Texans who represent the more than 100,000 jobs in the Barnett Shale. We got together because we're tired of a handful of people coming in to our cities and towns and distorting the facts about shale gas development, and we think it's about time somebody started telling the truth about all the good it does for our communities, our state, and our country. So here's the truth: Natural gas is clean burning - reduced greenhouse gases, less pollutants, and less emissions. That's just a fact. Natural gas from the Barnett shale has a huge impact on the economy of our region and our state. We're talking jobs, small businesses, banks, taxes, wages, all of that. The anti-Barnett crowd either doesn't see that or doesn't care, but this is our life and the good of our families we're talking about. The Barnett Shale makes us more secure because the more natural gas we get from there, the less oil we've got to import. Drilling in the Barnett Shale is safe and protects the environment. It's funny that you got these people running around talking about air and water pollution, when the truth is, there's not a shred of evidence to support any of that. Our mission is simple: We want to tell the other side of the story, and we're going to do that, and we're going to do it every day. So keep coming back, and we'll keep giving you the facts that nobody else is talking about.
The Congressional Budget Office, which conducts nonpartisan analysis for Congress, released a report this week detailing the impact of the shale energy boom on the American economy.
The report ("The Economic and Budgetary Effects of Producing Oil and Natural Gas From Shale") explains that "the development of shale resources", while "virtually nonexistent a decade ago…has boomed in the United States." Shale resources are now responsible for approximately "3.5 million barrels of tight oil per day and about 9.5 trillion cubic feet (Tcf) of shale gas per year."
According to the CBO, the impact of this increased production on the American economy is monumental. "On net, CBO estimates that real (inflation-adjusted) GDP will be about two-thirds of 1 percent higher in 2020 and about 1 percent higher in 2040 than it would have been without the development of shale resources."
Columnist Margaret Wente of The Globe and Mail authored a great opinion piece this week that compares ongoing efforts to obstruct shale energy production with other trendy causes that have emerged in North America and Europe based on dubious pseudoscience.
Wente notes that "the war on fracking is also entirely ideological" and compares it to the resistance to vaccinations and modern agricultural techniques, such as genetically modified foods. She acknowledges that shale energy, like "any new technology will have challenges", but she notes that "the National Academy of Sciences, MIT, and other bodies with no axes to grind say that fracking is safe. Environmentalists should love it, because natural gas emits far less carbon than oil. Instead, they want to ban it."
While there is much to be thankful for as Americans and Texans, we are particularly thankful for the American energy innovators who started right here in the Barnett Shale. These men and women developed, and continue to improve, the groundbreaking innovations such as the "combination of horizontal drilling, hydraulic fracturing, and information technology" that have "unlocked" America’s shale resources.
The emergence of these new energy sources have upended conventional wisdom about the future of American energy and enhanced our energy security. "The shale boom has added at least $300 billion annually to the U.S. economy over the past half-dozen years, along with nearly two million jobs. Without this addition to the GDP, America's economy would have stalled, or been in recession, for nearly every year since 2008." Also, these gains are strengthening our position in the world by reducing our dependence on hostile nations for our energy supply.Read More