Posted October 6, 2014
Reaching the United States’ Full Energy Potential
CNBC (Chevron Chairman and CEO John Watson): Over the last 150 years, we've seen the greatest advancements in living standards in recorded history — advances enabled by affordable and reliable energy that have brought light, heat, mobility, modern communications and other benefits to billions of people around the world. The United States has helped lead many of these advancements — by spreading our ideals of free markets, open trade, rule-of-law and limited state involvement. In doing so, we've allowed private initiative to innovate and drive progress.
As more of the world seeks to capitalize on these advancements, the ensuing spread of wealth is helping to lift more people into the middle class and realize these same benefits. In the past 10 years, the world has added three-quarters of a billion people to the middle class.
And despite some struggles of our own, America's business and economic system remains the envy of much of the world. Yet it's a system that continues to evolve … and change.
Perhaps the most dramatic changes have been in the U.S. oil and natural gas sector, where we've launched an energy revolution, fueled by technology and innovation, that's allowing us to produce more from oil and gas fields and develop new geographic frontiers. In the last decade, we've rewritten the U.S. energy story — from one focused on scarcity to one focused on abundance.
Read more: http://cnb.cx/1vIeDWE
More industry news:
Politicians Like Nothing More Than Success. Witness Obama on Oil: http://wapo.st/1pGUsEY
Research: Fracking Uses No More Water Than Traditional Oil Production: http://bit.ly/1pGYDQZ
Utica Shale Boosts U.S. Natural Gas Production to Record Levels: http://bit.ly/1pH0cOT
Research Shows Residual Hydraulic Fracturing Water No Risk to Groundwater: http://bit.ly/1uQHmvI
U.S. Gasoline Prices Hit 4-Year Low: http://cnb.cx/1rDUOSs
Oil and Natural Gas Sector Has More Room to Grow: http://bit.ly/1q4IuEs
ABOUT THE AUTHOR
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.