![]() ![]() And by innovating more, and regulating more prudently, by encouraging-rather than discouraging-production, we will ensure our energy security, grow our economy, create jobs, and protect the environment. We are putting innovation ahead of over-regulation. So, we’re seeing a lot of impressive accomplishments and a host of opportunities for oil, gas, and coal development and utilization – opportunities that are almost as abundant as the resources themselves.Īnd it’s worth noting that these energy accomplishments have been helped by the Administration’s policies that focus on unleashing the full potential of America’s fossil fuel resources. And during extreme weather events over the last couple of years, we’ve seen the critical role coal plays as a 24/7 resource for our electric grid.Īt the same time, there is new market potential opening up for coal beyond the power sector – and the National Coal Council highlighted that potential in their recent report called “Coal in a New Carbon Age.”Īt DOE, we have a distinct coal-to-products R&D initiative, where we’re focused on new value streams and markets for coal – things like coal-to-building materials, coal-to-liquids, coal-to-solid carbon products, rare earth elements and coal beneficiation, as well as life science, bio-tech, medical and agricultural applications.Īdvancing these new markets for coal can strengthen our national and energy security, expand our economic prosperity, and facilitate a carbon manufacturing “renaissance” and jobs in hard-hit coal state communities. Here at home, coal still provides around 30 percent of our electricity. Now, looking at coal, even though consumption has declined in the U.S., EIA projects that global coal consumption will remain stable between now and 2040, mainly because of the demand in Asia – which is encouraging news for our coal exports, which, by the way, have been on the rise. ![]() So, the benefits of the shale revolution continue to expand. It has also led to a renaissance in American manufacturing – a renaissance that is opening new potential and opportunities across the country.Īnd, by the way, one of the most exciting and potentially transformational opportunities can be found here in Appalachia, where an abundant supply of natural gas and natural gas liquids – like ethane – makes the region an attractive location for the build-out of a new petrochemical industry.Īs you know, the President was here in Pennsylvania a couple of weeks ago to tour Shell’s ethane cracker plant in Beaver County and to talk about the enormous potential it represents for Pennsylvania and the Appalachia region. So, the shale revolution, which was made possible by the advanced technology developed through public-private partnerships between DOE and the research community, has truly transformed the energy landscape in America and globally. We’re already a net exporter of natural gas, and those exports – including LNG exports – are impacting the global energy trade and changing market calculations around the world.Īnd we’re on the verge of being a net energy exporter for the first time since 1953 – during the Eisenhower Administration. Thanks to the shale revolution – which early DOE-supported research helped launch – America is the world’s top producer of both oil and gas. I want to kick things off by taking a look at the big picture – to put in context the work we’re going to focus on this week. ![]() I also want to thank everyone who helped organize this week’s meetings, and all those who are leading and contributing to the various sessions. I want to thank all of you for being here today. Remarks of Assistant Secretary for Fossil Energy Steven Winberg as prepared at the 2019 Carbon Capture, Utilization and Storage, and Oil and Gas Technologies Integrated Project Review Meeting in Pittsburgh, PA on August 26, 2019 ![]()
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