The project is being developed by Caithness Energy, an energy development company with experience in solar, wind, natural gas and geothermal energy production.
Additionally, recent news of Chesapeake Energy cutting natural gas production, an action that may be followed by other producers, will also help to alleviate oversupply problems.
He also has pursued very aggressively an all-of-the-above approach to our energy needs that includes increasing domestic oil production, that includes increasing domestic natural gas production as well as clean energy technologies.
It has pushed U.S. oil production to its highest level in 20 years, the Energy Department says, and natural gas production to an all-time high, with new estimates that the nation has almost 2, 400 trillion cubic feet of recoverable natural gas.
Gingrich called for freeing the energy industry to maximize production of all forms of American energy, from oil to natural gas to clean coal to nuclear power to all forms of alternative fuels.
But it is helping to replace coal, the dirtiest form of energy production, with much cleaner natural gas.
This President is committed to an all-of-the-above approach in our energy development, which means increasing production here at home, a focus on natural gas and its importance for our energy future, as well as investments in clean energy.
This President believes we need to embrace all forms of domestic energy production, including oil, including natural gas, including nuclear energy -- which, as you know, this administration has invested in for the first time in 30 years -- including renewables like wind and solar.
The energy sector has seen a rapid rise in natural gas production from shale formations due to significant advances in the use of horizontal drilling and well simulation technologies.
According to the Bureau of Ocean Energy Management, Regulation and Enforcement, Gulf offshore natural gas production accounts for about 13% of overall U.S. natural gas supply.
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Instead, the Obama administration has embraced environmentally responsible production of natural gas as a relatively painless way to meet both energy and environmental goals.
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Natural gas is a cleaner fuel than coal and crude oil and is becoming increasingly important with governments across the world encouraging the production and use of natural gas over coal and crude oil for energy generation.
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Tapping our nation's plentiful natural-gas reserves requires drilling wells in rural communities and suburban neighborhoods previously untouched by energy production.
This supply of low-cost natural gas will allow the U.S. to transform its electricity production into a green energy source at scale.
But with the advent of hydraulic fracturing technologies and the subsequent scramble to tap into prized shale formations like the Bakken pushing domestic oil and natural gas production to record highs, brokers say an increasing number of newly minted millionaires from the energy industry have been plowing money into farmland.
Despite increased production of natural gas in recent years, the world still relies on oil for much of its energy needs.
According to the US Energy Information Administration, the Chinese government has targeted to produce 8% to 12% of total natural gas production from shale gas by 2020.
Even if -- and I mentioned last night we have to increase production on oil, we have to increase production on natural gas, because we're not going to be able to get all our clean energy up and running quickly enough to meet all of our economic growth needs.
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