The Eagle Ford is known for it's oil production, but the South Texas Brush Country is also bulging with natural gas, so much that some oil producers simply flare off the gas. But now, 1200 WOAI news reports, a coalition of industry and community leaders is forming a coalition to try to cut through the government red tape and the environmental hurdles to begin selling that gas to the world, 1200 WOAI news reports.
"A study done by ICF, shows that exports of liquified natural gas would lead to the creation of 155,000 jobs in Texas alone," said Jason French, who is a leader of the 'Our Energy Movement' coalition. "Some of us in the industry think that figure is actually conservative."
Our Energy Moment will work in conjunction with similar initiatives in North Dakota and other large gas producing areas to make sure that restrictions which are holding back the full international sale of U.S. produced natural gas are lifted.
French says the U.S. has a more than 100 year supply of natural gas still untapped, and if the nation's energies were focused on mining and exporting that natural gas, the result would be the creation of up to 450,000 new jobs nationwide, and would help reduce the U.S. trade deficit by as much as $27 billion. He says this money could help pay for social programs which are stretched to the limit, pay down the nation's debt, and fund new initiatives and infrastructure improvements.
He says the world is crying out for U.S. natural gas.
"65% of the cargoes that we have contracted out of our Sabine Pass terminal, which is currently under construction, are to European customers," French said.
He says energy-starved Europe is currently at the mercy of mercurial producers like Venezuela and Iran, as well as Russia, which has been unafraid to cut off natural gas supplies to push it's political motives.
French and other members of Our Energy Moment says while customers are waiting to pay for U.S. natural gas, other nations with gas reserves are also rushing to exploit these new markets.
"There are a lot of countries outside the U.S. which are rushing to meet that demand as well," French said. "So if we want to create the jobs here, if we want to realize this economic development, we need to realize that our competition is the rest of the world."
The Coalition rejected allegations that large scale exports of liquefied natural gas would lead to higher gas prices at home. They say the national gas supplies which are available in the U.S. today are so vast, that extensive exploitation of those supplies would hold prices steady or even reduce prices to U.S. consumers.
The Coalition will stress the environmental friendliness of natural gas as a fuel for power plants, industry, and home heating, will work to cut U.S. government regulations which stile natural gas exports, and will counter increasingly frantic claims by extremist environmental groups that natural gas fracking damages water supplies or leads to earthquakes.