Articles

The case for clean American hydrocarbons

October 8, 2024

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In the ongoing discussion about energy and "climate change", the role of hydrocarbons remains a hot topic. Whether or not you believe in "climate change", we can't hide the fact that some folks have concerns about global warming; at the same time though, there's a growing recognition of the crucial role oil and natural gas play in addressing energy poverty and improving living standards worldwide. Let's explore this complex issue.

Benefits of Hydrocarbons

Energy Security and Affordability

Hydrocarbons, including oil and natural gas, continue to be a cornerstone of global energy production. They provide a reliable and cost-effective energy source, contributing to energy security and economic stability. In the U.S., the transportation sector alone accounts for about 30% of total energy needs, with hydrocarbons playing a crucial role in meeting this demand[5].

Economic Impact

The hydrocarbon industry is a significant job creator and economic driver. In the U.S., oil and gas pipeline construction alone employed more than 135,000 people in 2015, with wages exceeding $10.6 billion annually[4]. This economic activity stimulates local economies, supports infrastructure development, and contributes to tax revenues.

Addressing Energy Poverty

American oil and natural gas production is helping to address energy poverty globally. Many developing countries still rely on burning biomass like cow dung and wood for cooking and heating, leading to indoor air pollution and health issues. U.S. Secretary of Energy Rick Perry stated, "LNG can help open up new doors to possibility and prosperity around the world"[1].

Climate Considerations and Clean Energy Addition

While acknowledging the benefits of hydrocarbons, it's important to address climate change concerns. The U.S. is leading the way in producing cleaner-burning natural gas, which can replace more polluting fuels in developing nations.

Balancing Energy Needs and Environmental Progress

The U.S. shale revolution is helping address the dual challenge of energy affordability and environmental progress. Exportable LNG can be used for power generation and industrial processes, making it possible to strengthen economic outcomes, increase life expectancy, and improve the quality of life for millions around the world[1].

Looking Ahead

As the debate continues, the focus remains on balancing energy needs, economic growth, and environmental concerns. The U.S. oil and gas industry is positioned to help connect regions and communities with energy in the future, potentially lifting millions out of energy poverty[1].

Instead of over-regulating, policymakers should consider how American hydrocarbons can play a role in providing cleaner energy solutions to those still relying on primitive fuels. This approach could lead to significant improvements in global living standards while also addressing environmental concerns.

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Citations:

[1] https://www.api.org/news-policy-and-issues/blog/2019/09/25/us-natural-gas-meeting-the-energy-poverty-challenge
[2] https://www.wri.org/insights/disadvantaged-energy-communities-analysis
[3] https://rmi.org/1-in-7-families-live-in-energy-poverty-states-can-ease-that-burden/
[4] https://drillingmatters.org/how-hydrocarbons-drive-jobs-and-the-economy/
[5] https://afdc.energy.gov/fuels/hydrogen-benefits
[6] https://www.energy.gov/scep/low-income-energy-affordability-data-lead-tool-and-community-energy-solutions
[7] https://www.eve.eus/Conoce-la-Energia/Que-sabes-de/Los-Hidrocarburos?lang=en-gb
[8] https://www.jayneproducts.com/applications/refineries/hydrocarbon-recovery-oil-recovery/tank-cleaning-tank-sludge