The industry not only helps fund critical community needs like schools, hospitals and public infrastructure throughout the country, but also helps support local manufacturing jobs. Between 2012 and 2025, the oil and natural gas industry is projected to provide $1.6 trillion in federal and state tax revenue.
As a result of the growing use of natural gas, U.S. carbon emissions are at the lowest they’ve been in a generation, declining by 30% between 2005 to 2019, even as the economy grew 28%. Natural gas is a safe, abundant and less carbon-intensive energy source that everyone can benefit from.
But some legislative efforts across the country seek to ban this important source of energy, putting consumer choice and affordability at risk.
Natural gas is important for several reasons, in addition to helping power our country while keeping energy affordable and reliable:
- Natural gas helps increase grid reliability—less black and brown outs—by providing power when the sun isn’t out and the wind isn’t blowing.
- The average U.S. residential gas customer will pay $572 for winter energy compared with $1,209 for households using electricity for heating—a difference of 111%.
- Research shows that, depending on appliance models and the configuration of your home, if your household was forced to go full electric, it could cost you more than $25,600 in additional costs to replace those major appliances.
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