President Barack Obama supports shale gas

27.01.2012

QOGA would like to highlight the words of U.S. President Barack Obama relating to shale gas in his most recent State of the Union speech, which occurred on January 24, 2012. President Obama raised the issue of energy challenges facing America and the importance of developing natural gas from shale.

You can read the speech on the White House website by clicking here.

We invite you to read this passage where President Obama noted the success of shale gas and the significant potential of this exciting energy resource for his country:

“But with only 2 percent of the world’s oil reserves, oil isn’t enough. This country needs an all-out, all-of-the-above strategy that develops every available source of American energy. A strategy that’s cleaner, cheaper, and full of new jobs.

“We have a supply of natural gas that can last America nearly 100 years.  And my administration will take every possible action to safely develop this energy.  Experts believe this will support more than 600,000 jobs by the end of the decade.  And I’m requiring all companies that drill for gas on public lands to disclose the chemicals they use. Because America will develop this resource without putting the health and safety of our citizens at risk.

“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.  And by the way, it was public research dollars, over the course of 30 years, that helped develop the technologies to extract all this natural gas out of shale rock –- reminding us that government support is critical in helping businesses get new energy ideas off the ground.”