§ 75% believe job creation is a benefit of natural gas (only 4% disagree);
§ 70% believe natural gas production provides energy security (only 5% disagree);
§ 69% say natural gas boots US manufacturing (only 5% disagree); and
§ By a margin of 53 to 11, Americans say natural gas development is lowering carbon emissions.
The upshot is that Americans overwhelmingly view natural gas development as both an economic and environmental boon to the United States.
Regulation?
Naturally, media reports have either ignored or buried the good news listed above, focusing instead on the poll’s finding that more than 60% of respondents support more regulation for hydraulic fracturing or stronger enforcement of existing laws (the university’s news headline emphasized a “divide on fracing”). The implication is that not enough is being done to protect the public, and that the industry is avoiding proper oversight. The reality, however, is much different – even if it’s not convenient for the media to discuss it.
The industry worked with environmental groups in Colorado and Texas to establish disclosure regulations that have been touted as the gold standard. In California, the industry is supportive of similar disclosure regulations, and it’s actually certain environmental groups – some of whom supported those provisions in Colorado – who are now strangely opposing their implementation.
In Illinois, the industry teamed with labor, business groups, farm organizations, and environmentalists on legislation that would add new regulations for shale development. In Pennsylvania, the industry supported Act 13, which created a new fee that is generating hundreds of millions of dollars in new public revenues.
Notice the trend here? Despite what opponents have claimed for years, and to which too many in the media have provided a forum, the oil and gas industry does not oppose regulation. On the contrary, the industry has actively supported new regulatory measures in the states as a way to provide public assurances that responsible shale development will continue to be protective of the environment. It is worth noting, however, that many of the same problems we identified with a Bloomberg poll last year (which found a similar percentage of respondents supportive of “more regulation”) also appear in similar form in the UT poll. For instance, the Bloomberg poll included a question about global warming immediately before the question about “more regulation or less regulation” of hydraulic fracturing. The UT pollsters, however, asked several questions that could have “primed” the respondents to make what they perceived to be the more environmentally conscious option (i.e. more regulation or stricter enforcement). Prior to the questions on hydraulic fracturing, the UT poll asked, among other things: § A question about “the impact that US energy production and consumption has on the environment;” § A question regarding how public policy “will affect your clean energy choices;” § A question on whether climate change is occurring. If respondents answered in the affirmative, they were read a list of possible contributing factors, including specifically oil and natural gas; and § A question on how they could best be incentivized to reduce water consumption. To be clear, there is nothing inherently wrong in asking these questions. That’s what pollsters do, after all. But preceding a question about regulation of an activity used in oil and gas development with statements that frame the debate in terms of impacts from that development is, at the very least, a caveat worth highlighting as we interpret the meaning of the results. Of course, that “priming” also raises another important point. Even with respondents geared toward what was clearly an environmental bent, a plurality still said it supports hydraulic fracturing. In that sense, it would be difficult to find a better example of how anti-fracing activists are losing the debate: even their “base” is abandoning them.Recommended Reading
Public, Private E&Ps Split on Permian Basin Drilling Strategies
2023-03-29 - The Permian led the nation in drilling rig activity in the past year, with data showing much of that growth coming from large, public upstream operators as private companies such as CrownQuest Operating, Iskandia Energy and Mack Energy have downshifted.
McDermott Wins Manatee FEED
2023-03-28 - The Trinidad and Tobago Manatee field is planned to start production in 2027.
Electrifying the Permian: BPX Energy Touts Emissions Reductions in the Basin
2023-03-28 - BPX Energy’s electrification efforts in the Permian Basin and the installation of centralized handling facilities are part of the operator’s roadmap to net zero emissions.
E&P Highlights: March 27, 2023
2023-03-27 - Here’s a roundup of the latest E&P headlines including new contract awards in the upstream oil and gas industry.
Rig Providers Focus on Advancements to Keep Up with E&P’s Needs
2023-03-27 - With the offshore drilling market on a positive upswing, rig companies are trying to meet demand while adding the latest bells and whistles to their fleets.