Hillary Clinton Touts Benefits of Oil, Natural Gas
Often times in media reports, the subject of natural gas development may come off as a bit of a partisan issue. Here in Pennsylvania, Democrats like State Senator Jim Ferlo have even pushed for a moratorium. Spanning out nationally, the topic is far from partisan, however – with Democratic Governors like Pat Quinn in Illinois, John Hickenlooper in Colorado, and even Jerry Brown in California rejecting the claims of anti-fracking activists and openly discussing the benefits of development.
Add to that list former Secretary of State Hillary Clinton, who showed during a speech at Hamilton College in New York on Friday that responsible development is something we can and indeed should embrace.
From the Democrat and Chronicle:
Late into the lecture portion of Clinton’s Oneida County appearance, she referenced a report that the U.S. in on track to surpass Russia in domestic oil-and-gas production.
That’s good news, Clinton said.
“What that means for viable manufacturing and industrialization in this country is enormous,” she said to the crowd of 5,800 in Hamilton’s athletic field house.
As IHS highlighted last month, shale is helping to transform the U.S. economy, and bringing manufacturing back to America after a decade of decline.
EID has also been following the U.S. and Russian oil and gas production race for the past year, and the United States has likely surpassed Russia to become the largest oil and gas producing country in the world – thanks in large part to shale development.
Needless to say, the former U.S. Senator from New York was spot on with her comments on the implications this can have for U.S. economic growth, as well as in other markets.
As many of you will remember, the State Department under Mrs. Clinton’s leadership actually promoted Gasland as part of its Annual Film Showcase. It’s good to see that she has evolved in her view of responsible oil and gas development.