Friday, May 24, 2024

GOP AGs: Oil, natural gas, coal essential to U.S., state economies

Traditional sources of fuel, oil, natural gas, and coal are essential sources of energy that Americans rely on, and are vital to the U.S. and states' economies, Republican attorneys general argue.

On Thursday, 19 GOP attorneys general made the case for oil, natural gas and coal production in a complaint they filed with the Supreme Court suing five Democratic-led states.

Alabama produces the 16th greatest amount of natural gas; mining and oil and natural gas extraction are major contributors to Alabama's economy, the complaint notes.

According to a Bureau of Economic Analysis report, in 2022, workers in oil and natural gas extraction earned over $54 million in compensation; in pipeline transportation, over $86 million.

Alaska's North Slope contains "6 of the 100 largest oil fields in the United States and 1 of the 100 largest natural gas fields," the complaint notes.

It's estimated to hold approximately 50 trillion cubic feet of discovered gas, 194 trillion cubic feet of undiscovered conventional gas, and 125 trillion cubic feet of unconventional gas, the complaint states.

The Texas oil and natural gas industry broke multiple records last year, reporting the highest ever totals in production, exports, refining outcomes and crude oil supply, and led the U.S. in emissions reductions, The Center Square reported. 

https://www.thecentersquare.com/national/article_1db085c4-1965-11ef-89b9-23d034838f57.html

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