President Obama welcomed business leaders to the White House to discuss “insourcing” and investing in the US economy as growth continues to stagnate only months before the 2012 presidential election. His report was hailed by groups like America’s Natural Gas Alliance for its support of natural gas.
The report reads:
“A boom in natural gas production has supported manufacturing: The surge in domestic natural gas production can lower energy costs, reduce pollution and drive investment in the industries that supply equipment the natural gas sector and those that use natural gas as an input to production, like the chemical industry. Recent data from the Energy Information Administration indicate that by the end of 2011 natural gas extraction increased by over 24% since 2006.”
For more, download the entire report with this post.