SOURCE: Energy Digital

Energy Digital

April 25, 2012 13:10 ET

Industry Leaders Gather at CERAWeek to Discuss Potential Domestic Energy Resources to Increase America's Energy Security, in Energy Digital

SAN DIEGO, CA--(Marketwire - Apr 25, 2012) - This month, CERAWeek provides optimism for the energy industry as executives gather to discus environmental responsibility and transparency as the keys to success.

The 2012 CERAWeek showcased a tremendous sense of optimism within the U.S. and global energy industry, largely due to the potential for vast new oil and natural gas reserves. Industry leaders also exhibited a sincere appreciation for public concern over the technologies used to extract these resources; and specifically noted that concerns related to hydraulic fracturing or "fracking" are legitimate ones that must be addressed responsibly and with transparency.

The various NPC panelists had some compelling statistics at their fingertips. On the supply side, projections for natural gas supply in 2035 show that the U.S. can meet even the highest potential, projected demand for natural gas from consumers and industry.

Environmental Defense Fund member and NPC panelist Mark Brownstein was overwhelmingly supportive of the oil and natural gas industry, commending the incredible technological innovation that has become prevalent throughout the industry. Brownstein credits this innovation for the abundance of oil and gas resources that we presently enjoy in North America noting that the industry is going to the ends of the Earth to explore for oil in the Arctic and various deep water formations; and to, quite literally, our own back yards with some of the development of shale reserves taking place deep below residential areas.

Industry leaders are enthused about the enormous and varied benefits that will accrue to America from responsible development of unconventional oil and gas resources including: renewed energy security, job growth, reduced reliance on foreign imports of fossil fuels and a lower emissions.

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