It's also interesting what Chu didn't talk about: increasing oil and gas production from U.S. fields.
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Isn't that going to result in lower domestic oil and gas production, and thus higher prices?
Oil and gas production on federal lands fell 13% in fiscal 2011 compared with 2010.
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While total crude oil production rose by 1%, Shell said that gas production had fallen 6%.
To the contrary, investment capital will find profitable shale-gas production opportunities wherever they exist.
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So that means taking advantage of domestic oil and gas production in this country.
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Consider the debate over whether EPA has the authority to oversee shale gas production.
They also added that the gas production may fall faster than the companies expected.
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For shale gas production to succeed on a massive scale, public confidence will be essential.
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In 2005 the company increased natural gas production by 24% and oil production by 72%.
Meanwhile, shale gas production will increase elsewhere in the world, damping demand for U.S. supply.
Anadarko has oil and natural gas production and development operations located in Algeria, Ghana, and China.
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Obama also wants to expand natural gas production, as long as it doesn't damage the environment.
Meanwhile, its projected annual natural-gas production rose to 1.05 trillion cubic feet from 970 billion.
The distinguishing characteristic is that oil and gas production slumped last year, far more than expected.
The firm has targeted a 25% increase in its oil and gas production by 2017-2018.
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The first wave of capital investment targets new and expanding oil and gas production areas.
Nationwide, domestic oil and natural gas production has increased every year President Obama has been in office.
Its existing onshore gas production peaked at 513bcm of gas in 2011, having touched 556bcm in 2006.
The EPA revisions came even though natural gas production has grown by nearly 40 percent since 1990.
But coal mining and combustion produces health and environmental risks that dwarf those associated with natural-gas production.
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Nationwide, oil and gas production fell 2.63 percent in Brazil in November, the company reported on Wednesday.
Colorado, Utah and Wyoming have increased natural gas production by more than 4% every year since 1998.
Still, environmentally sound natural gas production will never exist until producers themselves get serious about environmental management.
It also extends the production tax credit for renewables and reduces subsidies for oil and gas production.
Boone Pickens lambasted the President for not doing enough to promote domestic oil and natural gas production.
One would expect, therefore, that environmental activists would join free-market advocates opposing government obstruction of natural gas production.
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Gas production has begun in a new gas field in Morecambe Bay, securing the future of 400 jobs.
If you are predisposed to favoring more oil and gas production in the U.S., there's a silver lining.
Even now, months later, more than 20 percent of the offshore oil and gas production remain shut down.
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