“The Domestic Energy Prevention Act” Introduced In the House
Ben Lieberman /
The last few years have been bumpy ones for energy supplies and prices, but one piece of good news has been the upturn in domestic natural gas production. The reason is a technology called hydraulic fracturing that makes it possible to produce gas in areas where it had previously been deemed infeasible. In effect, high pressure fluids are injected underground to free the gas beneath rock formations where the energy would otherwise be trapped. America has a lot of these formations, which many in the energy industry previously thought were inaccessible. Instead, domestic natural gas production has been increasing in recent year. This is particularly good news given the importance of natural gas – for electricity production, residential and business use, and as a feedstock in the fertilizer and chemicals industry. (more…)