Because natural gas has many diverse end-uses, any expansion of low-cost domestic supply has far-reaching positive economic impacts. It is critical that this resource be developed responsibly so that we can gain these benefits.
DENVER, Colorado (PRWEB) February 07, 2012
Consumers, industrial concerns and utility companies are benefiting from today's historically low natural gas prices, which have plummeted more than 80 percent in less than three years.
Because enormous new deposits of natural gas have been found in the U.S., high-paying jobs are being created. Shuttered steel mills in the Midwest have re-opened their doors. Petrochemical firms are finalizing plans to build new factories in the Mid-Atlantic. Today, consumers are heating their homes for less. And electricity prices are heading downward for the growing number of utilities using that use natural gas to generate electricity.
In his State of the Union address last week, President Barack Obama said, “We have a supply of natural gas that can last America nearly 100 years. Experts believe this will support more than 600,000 jobs by the end of the decade. The development of natural gas will create jobs and power trucks and factories that are cleaner and cheaper, proving that we don’t have to choose between our environment and our economy. America will develop this resource without putting the health and safety of our citizens at risk.”
However, today's good-news story could easily be lost. Consumers and business leaders welcome low costs and expanded opportunities, but they place an even higher value on their health and well-being.
This year, in particular, will be a turning point for the entire U.S. energy supply chain. Energy firms, contractors, government agencies, industrial customers and non-governmental organizations must find a way to collaborate, so that gas from shale formations is produced safely. If not, hundreds of billions of dollars of economic value could disappear.
“Our industry is poised for tremendous growth, provided we are also prepared to meet the challenges we face,” said Larry Borgard, Chairman American Gas Association. “First and foremost we need to make sure that our stakeholders have confidence in our industry.”
To ensure that the U.S. can safely seize the opportunities created by the shale gas revolution, a new electronic magazine is being launched this spring.
Natural Gas Power Today will be the definitive resource for people and companies affected by the shale gas revolution. Drawing on experts in and out of the natural gas industry, and featuring a diversity of viewpoints, the magazine will feature thought leaders in energy, the environment, public policy and government. Its coverage will be thorough, accurate and balanced.
Towards that end, Natural Gas Power Today is putting together a broad editorial board to ensure the publication covers fully and fairly the important issues associated with how natural gas is produced in the U.S.
Controversies and concerns over shale gas development, notably hydraulic fracturing, have drawn national headlines at The Wall Street Journal, The New York Times, CNN, MSNBC, and The Philadelphia Inquirer, among other media outlets. Some cities have outlawed shale gas development within their municipal boundaries.
“Natural Gas Power Today will ask the tough questions and feature answers and insights from the front lines of leading practitioners in this huge industry,” said David Hill, editor and publisher of the magazine.
“New domestic natural gas supplies could have a transformative effect on U.S. energy policy, our economy and our energy security,” former U.S. Senators Byron Dorgan and Trent Lott, co-chairs of The Bipartisan Policy Center's Energy Project report, write in the recently released Shale Gas: New Opportunities, New Challenges. “Because natural gas has many diverse end-uses, any expansion of low-cost domestic supply has far-reaching positive economic impacts. It is critical that this resource be developed responsibly so that we can gain these benefits.”
“If we don't get this right, the industry will have squandered this once-in-a-lifetime, multibillion-dollar opportunity to improve the lives of consumers while growing the economy,” added Hill.
Natural Gas Power Today will publish its first bimonthly issue this spring. It is being produced by RM Media Group, LLC, the parent company Colorado Energy News and Wyoming Energy News. Subscription details, outreach programs, reprint rights and bulk-purchase orders can found on its webpage.