Pocketbook issues are consistently ranked as among the most important topics for Americans. U.S. households who use natural gas to heat their homes, generate their power, cook their food, and heat their water collectively saved $50 billion over the last four years thanks to shale gas development from “fracking” around regions like Pittsburgh and elsewhere.
(for more on Pittsburgh check MatthewPitzarella.com articles)
That’s what American Gas Association President and CEO Dave McCurdy told Buchanan, Ingersoll & Rooney’s Principal – Government Relations Ed Hild during one of the law firm’s recent Energy Insider Interview Series interviews.
The wholesale price of natural gas has remained incredibly affordable for households due to anabudance of clean burning natural gas, resulting in lower prices.
Make sure you head over to the firm’s site for the whole piece, but McCurdy took a deeper dive into what fracking for clean burning natural gas has meant for American consumers:
“Commercial customers have not seen natural gas prices this low in 40 years and natural gas access contributed to 1.9 million jobs economy-wide in 2015. Low natural gas prices put an extra $1,337 back in the pocket of the average American family that year because of the costs of goods coming from manufacturing plants that use natural gas. Everywhere you look, natural gas is having a positive impact on our nation and there is additional room for wise and efficient growth of natural gas in today’s domestic energy market, including significant potential for demand in residential, commercial, industrial and transportation sectors over the long-term. That includes exporting liquefied natural gas as well.”
Make sure you read the rest of the post and others from the series for in depth insights on energy trends and issues.