Infrastructure

America's energy boom provides a unique opportunity for the U.S to create even more jobs, and save energy, for Americans by updating our nation's energy infrastructure.

Infrastructure to Deliver Natural Gas Benefits to New York
Natural Gas Provides 57% of New York’s Heating and Electricity

For the past few years, the United States has been the world's top producer of oil and natural gas.  This dramatic expansion in our nation's energy production has rocketed us ahead of perennial top oil-producing nations like Saudi Arabia and Russia.

As a result, spending on the infrastructure necessary to support our energy boom has increased — about 60% from 2010 to 2013.  In 2015, neary $45 billion was spent on new infrastructure.  This is a great start.  But more is needed to support our nation's new place as the world's leading producer of oil and natural gas.  

According to a recent study by ICF, our abundant natural gas and oil reserves could support up to $1.34 trillion in private investments through 2035 in a broad array of infrastructure: pipelines, refining and oil products transport, surface and lease equipment, gathering and processing facilities and storage and export terminals.

Infrastructure development would add up to $1.89 trillion in contributions to U.S. GDP through 2035 and support, on average, up to 1.047 million American jobs annually, the IFC study estimated.

And the benefits don't stop there.  It will also get the energy to where it is needed. 

If America is to continue to lead the world as the top producer of oil and natural gas energy, we must have the infrastructure necessary to secure our nation's energy future.

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