Economist Stephen Moore makes a case for natural gas and criticized the White House for delaying 17 major LNG projects in the U.S.
“As we enter the frigid month of February, just remember this stat from our friend Harold Hamm, CEO of Continental Energy in Oklahoma City: “Just one shipment of natural gas heats one million homes for a month.” Can windmills do that?”
It’s what Moore wrote this week in his Committee to Unleash Prosperity.”
“We’ve said many times on these pages that natural gas is a wonder fuel. It’s abundant; it’s made in America; it’s reliable; it’s safe; it’s cheap; AND it is CLEAN burning. You don’t have to believe us, here is what the Energy Information Agency tells us:
“Burning natural gas for energy results in fewer emissions of nearly all types of air pollutants and carbon dioxide (CO2) than burning coal or petroleum products to produce an equal amount of energy. About 117 pounds of CO2 are produced per million British thermal units (MMBtu) equivalent of natural gas.”
Methane is an emission from natural gas, but methane doesn’t cause people to get sick, as does lead, sulfur, smog, and carbon monoxide – which are reduced by natural gas.
Biden’s green goons don’t care. They’ve put a hold on LNG projects because the President says that “climate change is the existential threat of our time.” He also says that exporting the LNG raises prices here at home. This is a fallacy because if we were simply to drill for more natural gas (and build the pipelines necessary), we could reduce energy costs here at home AND increase our exports.
Even the Biden Energy Department admits that we have more retrievable natural gas than at any time ever – thanks to the shale revolution. The chart below shows that the Malthusians who said in the 1970s and 1980s that we were “running out of energy” were fabulously wrong, and that, as Julian Simon taught us, energy is becoming more abundant not scarcer. All we have to do is USE it.
As we enter the frigid month of February, just remember this stat from our friend Harold Hamm, CEO of Continental Energy in Oklahoma City: “Just one shipment of natural gas heats one million homes for a month.” Can windmills do that?”