Energy Security

Live Free or Die.

In New Hampshire, that statement is more than just a state nickname.  It's a way of life.  So it's no surprise that an increasing number of New Hampshire citizens are looking for solutions to help America declare its energy independence.

This independence is exactly what’s needed if we are to halt our increased reliance on foreign energy sources -- a reliance that is a threat to our energy security and national security.

Fact: In 2015, the state of New Hampshire alone consumed more than 30 million barrels of oil.  Almost 50% of homes relied on fuel oil to heat their homes.  Yet New Hampshire has no fossil energy reserves.

While an all-of-the-above energy policy that embraces alternative energy sources like wind, solar, nuclear and other forms is necessary and strategically smart, The US Energy Information Adminstration predicts that oil and natural gas will continue to provide 60% of our energy needs through at least 2040, even with a stronger energy demand and aggressive development in alternative sources.  Renewables remain a critical part of our energy mix, but the EIA projects that they will only meet 12% of our energy needs.

The International Energy Agency defines energy security as the uninterrupted availability of energy sources at an affordable price. 

Uninterrupted, affordable energy is crucial because we are wholly dependent on energy to power our lives. We use energy for powering and heating our homes and businesses; transporting our children to schools and our first responders to emergencies; manufacturing goods and transporting them to markets; constructing and maintaining our homes, bridges and buildings; and defending our country.  We also use inputs from energy resources like natural gas and oil as a foundation for nearly every product we use on a daily basis, from clothing, to makeup, to cellphones and medicines.

Fortunately, thanks to remarkable advances in technology, we are now able to access stores of oil and natural gas right here in the North Americas that have been previously inaccessible to us.  That means increasing the availability of energy to meet our needs, and making energy more affordable for Americans.  

Developing our rich natural gas and resources is also generating jobs and economic prosperity.
 
The oil and natural gas industry currently supports 10.3 million U.S. jobs, and accounts for $1.3 trillion or 7.6 percent of the U.S. GDP (2015).  And these are well-paying jobs that are often twice the average salary of other non-industry jobs in a state.

Every day, the industry fills state and federal government coffers with tens of millions of dollars in taxes, fees and royalties – approximately $30 billion annually.   All while investing hundreds of billions more in U.S. capital projects to advance all forms of energy, including alternatives.

A 2017 study showed that over the next two decades, we could see $1.3 trillion of private investment go into U.S. natural gas and oil infrastructure, which could also generate 1 million new jobs and $1.89 trillion in added GDP.

And a strong oil and natural gas industry is a vital part of the retirement security for millions of Americans.  If you own mutual funds, pension funds, IRAs, you’ve probably benefitted from owning some shares in "big oil."

Our energy abundance is also decreasing our reliance on energy imported from foreign sources in unstable regions or who don't share America's best interests.  So in addition to powering America with reliable, affordable supplies of energy and generating economic prosperity, natural gas and oil are securing America’s national security.