Texas Public Policy Foundation Report Overlooks State's Natural Gas Economy

Outdated, Selective Use of Data Offers Incomplete Picture of Texas' Energy Choices

HOUSTON, Jan. 20, 2011 /PRNewswire-USNewswire/ -- Background – America's Natural Gas Alliance (ANGA) Vice President of Strategic Communications Daniel Whitten issued the following statement in response to a report released today by the Texas Public Policy Foundation that includes substantial misrepresentations about Texas natural gas:

"The report notes Texas' role as an energy leader and advocates for continued sensible regulations and tax policies that do not hamper economic growth, ideas ANGA fully supports. Furthermore, ANGA agrees that all sources will be needed to meet our nation's growing energy demands.

"But the study overlooks the role that natural gas plays as a centerpiece of the Texas economy, and the benefits abundant, affordable natural gas produced in Texas offer in terms of jobs, state revenue and clean energy. The study also highlights old natural gas pricing data that does not adequately account for the game-changing nature of shale gas discoveries. These discoveries have turned economic assumptions about power production from natural gas on their head to the great benefit of energy consumers.

"It is now the established scientific consensus that our nation has more natural gas than Saudi Arabia has oil—enough to power our country for generations. The Congressional Research Service, the Energy Information Administration, Cambridge Energy Research Associates, and MIT have all noted the profoundly positive impact that new natural gas supplies have had on America's energy debate. Natural gas is ready now to play a greater role in improving our energy security, our economy and our environment, both in Texas and across the United States."

America's Natural Gas Alliance (ANGA) represents 31 of the nation's leading independent natural gas exploration and production companies. ANGA members are dedicated to increasing the appreciation of the environmental, economic and national security benefits of clean, abundant, American natural gas. Learn more about ANGA at www.anga.us.

SOURCE America's Natural Gas Alliance

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