President Barack Obama has strongly endorsed natural gas as a clean energy source, and New York Mayor Michael Bloomberg has said more natural gas is critical for the city to improve air quality and public health.
Chesapeake is looking at natural gas as a potential energy source to fuel its rigs due to the cost benefits and the environment friendly nature of the fuel.
Shale gas production has become all the rage in the U.S. because it potentially increases the U.S. supply of natural gas, a clean burning energy source.
While solar is a far less polluting energy source than coal or natural gas, many panel makers are nevertheless grappling with a hazardous waste problem.
"To me it was clear that depleting natural resources and rising fuel costs make solar the energy source of choice for tomorrow, " the entrepreneur explains.
Mr. Moffett has long believed that the shallow waters of the Gulf, though widely considered a spent energy source, have phenomenal deposits of natural gas far beneath the pincushion of drilling sites from earlier decades.
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Natural gas has the additional benefit of being a domestic energy source.
The Partnership was formed by New Source Energy Corporation to own and acquire oil and natural gas properties in the United States.
This supply of low-cost natural gas will allow the U.S. to transform its electricity production into a green energy source at scale.
Units of New Source Energy Partners fell, making the owner of developed and undeveloped oil and natural-gas properties in Oklahoma the latest master limited partnership to struggle at the outset of trading.
Higher prices are needed to induce consumers and businesses to use less energy (the source of most greenhouse gases) and switch to fuels (from coal to natural gas) that have lower emissions.
But in the short term, at least, coal will remain a key source of energy for the U.S. mainly because the cost of running coal and natural gas power plants remains comparable.
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For the first time since cheap Middle East oil invaded Western markets, Newman says, a vast new source of energy is arriving at prices well below the prevailing cost of finding, developing and delivering natural gas.
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