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Thompson: natural gas production growing faster than expected, according to EIA report
Remarks as prepared:
"Mr.Speaker, according to a federal report issued yesterday by the Energy Information Administration, natural gas being produced in the Marcellus Shale region is growing faster than expected.
Production has now reached 12 billion cubic feet a day. That’s six times the production rate in 2009.
The vast majority of production is coming from Pennsylvania, including areas of the state that I represent, along with West Virginia.
To put this in perspective, the Marcellus alone produces more natural gas than Saudi Arabia. If the Marcellus were its own country, production would rank eighth in the world, after Russia, and the rest of the U.S.
This has led to record low gas prices. It’s the reason companies are moving manufacturing back to the U.S. It’s why consumers have more money in their pockets after paying the bills.
Also, Mr. / Madam Speaker, data released Monday by the EIA indicates that carbon-related emissions dropped by 3.8 percent from 2011 to 2012 – to their lowest levels since 1994.
Mr. Speaker, domestic gas production is helping create a stronger American economy. It’s helping us improve the environment. It’s helping America remain competitive. I yield back."