United States Set to be a Net Exporter of Natural Gas in 2017

Floor Speech

BREAK IN TRANSCRIPT

Madam Speaker, earlier this week the
Energy Information Administration released its annual forecast of U.S. energy trends and predicted that the United States will become a net exporter of natural gas by 2017.

As cochair of the bipartisan Congressional Natural Gas Caucus, I understand the magnitude of this geopolitical transition and the implications for ensuring American energy security through continued natural gas development and investment. By becoming a net exporter of natural gas by 2017, the United States will be able to build and strengthen its economy, help to improve the environment, and remain globally competitive.

As one of the Nation's top producers of natural gas, Pennsylvania continues to help drive record-breaking oil and natural gas production domestically. The Energy Information Administration's recent projections place the United States closer than ever to obtaining
energy independence, while signaling longer term market stability that will make energy prices more affordable for businesses and families throughout Pennsylvania and all across the country.

BREAK IN TRANSCRIPT

Source