Geologists believe there may be large crude oil and natural gas deposits in the federal Outer Continental Shelf off of Florida’s western coast.
Today, because of technological advancements including the combination of horizontal drilling and hydraulic fracturing, America has access to previously unreachable stores of natural gas. The result? The United States has become the world’s leader in natural gas production with a 100-yr supply of safe, clean-burning natural gas. In fact, there is such an abundance that within the next 10 years, we are expected to become a net exporter of natural gas, which will not only will help the U.S. economy, but also our allies who want secure, reliable sources of energy.
America's energy boom provides a unique opportunity for the U.S to create even more jobs, and save energy, for Americans by updating our nation's energy infrastructure. Within in the past 4 years, the United States has become the world's top producer of oil and natural gas. This dramatic expansion in our nation's energy production has rocketed us ahead of of perennial top-oil producing nations like Saudi Arabia, Russia, China, Canada, and Venezuela.
Hydraulic fracturing is a means of extracting oil and natural gas from shale formations It is a proven technology that has been used since the 1940s in more than 1 million wells in the United States to help produce oil and natural gas.
America now occupies a position of energy leadership that was unthinkable a short time ago. These developments are strengthening America's energy and economic security and benefiting tens of millions of individuals. With both American and world energy demand expected to increase in the future, the continued availability of the full range of America’s energy resources will continue to grow in importance.
It is the goal of forums, such as ours, to help educate citizens, industry and policymakers alike so decisions are made in the best interest of all Americans..