Natural gas made it all possible.
Energy In Depth (11/26/19) blog: "There’s much to be thankful for this time of year: friends, family, good food, and even fracking. Thanks to continued innovation by industry, the United States is awash with oil and natural gas, helping to bring families together, keep them warm and put money back in their pockets. Natural Gas is Helping American Families Save Thousands of Dollars According to the U.S. Energy Information Administration, about half of U.S. households rely on natural gas to heat their homes and cook that delicious Thanksgiving meal. In 2018, natural gas was the source of about 24 percent of the residential sector’s total energy consumption. This increasing reliance on natural gas is helping to save Americans thousands of dollars – just in the time for the holidays! Thanks to soaring natural gas production, American consumers have saved over $1.1 trillion in the past 10 years, according to a report by Shale Crescent USA and the Ohio Oil & Gas Energy Education Program. Natural gas costs have fallen 65 percent since 2008, having a direct impact on almost all of the goods and services Americans rely on every day. As a result, the report estimates that American families are saving an average of $900 per year. Even better, Americans that directly use natural gas to power their homes, save $4,000 annually. And for households in the lowest 20 percent of income, the realized savings equate to 2.7 percent of annual income. These savings don’t even account for the thousands of high paying American jobs being created by the industry every year."
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"The Permian basin in Texas alone now produces as much oil as the whole of the US did in 2008, and more than any Opec country except Iran and Saudi Arabia. This — not wind and solar which still provide only 2 percent of world primary energy — is the big energy story of the past decade."
– Matt Ridley, The Critic
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