Safe, regulated American oil and natural gas production is leading the world in providing a better life experience for the entire global population. The American oil and natural gas industry has a long been a provider of some of the most essential elements of modern life improving – and even lifesaving – products and has now become an even greater force in improving the quality of life for millions of people, even in the most traditional impoverished places on earth.
Thanks to the game-changing rise in efficient and abundant production of American natural resources, many are now pointing to fossil fuels as one of the most precious tools the world has to bring 21st century first-world quality of living to areas which have been unable to afford or maintain the standards most Americans have been able to rely upon for decades. And it is making an invaluable difference.
On this page, IPAA offers some perspective on the incredible power of petroleum products as well some of the recent analysis of what others are saying about the rise in fossil fuels and how it is improving the world economy in a way that no other source of energy or direct financial support could sustain.
The rise of U.S. natural gas production and the standards by which it is safely and efficiently produced has not only helped boost affordable to energy and electricity resources, but has also aided in the worldwide movement for cleaner energy. Here, we also point to the improved air quality and environmental stewardship that is being led by American producers.
As opponents of oil-and-gas continue to attack the industry by waging symbolic campaigns aimed at forcing schools to divest their endowments of fossil-fuel related stocks, new research commissioned by IPAA, and authored by Prof. Dan Fischel of the Univ. of Chicago, suggests the costs associated with adopting such policies are likely to be enormous, resulting in the displacement of billions annually from school endowment funds – on top of hundreds of millions in new compliance and management fees.
Visit our website on divestment for fact sheets and news: www.divestmentfacts.com
"Non-renewable resources such as coal, natural gas and oil are sufficiently abundant to allow an expansion of both economic activity and population to the point where they can generate sustainable wealth for all the people of the planet without hitting a Malthusian ceiling, and can then hand the baton to some other form of energy. The blinding brightness of this realization still amazes me: we can build a civilization in which everybody lives like the Sun King, because everybody is served by (and serves) a thousand servants, each of whose service is amplified by extraordinary amounts of inanimate energy."
"As a necessary condition of the Industrial Revolution, the vast store of concentrated energy in fossil fuels unleashed sustained productivity and economic growth which in turn led to monumental improvements in human living conditions as measured by life expectancy, income per capita, caloric intake, clothing, shelter and fuels. And the greatest beneficiaries of this energy revolution known as the Industrial Revolution were average workers and the most impoverished. Increasing emission of man-made CO2 is tightly correlated with this monumental achievement."
"Notwithstanding their flaws, the fossil fuel-dependent technologies that stretched living nature’s productivity and displaced some of its products not only permitted humanity to escape the Malthusian vice but saved nature itself from being overwhelmed by humanity’s."
“The fundamental difference between rich countries like Germany and the U.S. and poor countries like Vietnam and Pakistan (which, by the way, has a population of 193 million and just 23,500 megawatts of electricity-generation capacity) is the availability of cheap, abundant, reliable electricity… That electricity is essential to modernity is incontrovertible. And yet, the environmental elites are determined to prevent that from happening… Many of those same elites are cloaking their rhetoric in moral terms: “We have a moral obligation to future generations to leave them a planet that’s not polluted and damaged by carbon pollution…” And now, as evidenced by the recent moves by the Ex-Im and World Bank, we have adopted a policy that it’s better for the world’s poor to continue living in the darkness and destitution that always comes with energy poverty than for them to be damaged by “carbon pollution.” If that’s a moral stand, then I’m Jack the Ripper.”
“Fossil fuel technology transforms nature to improve human life on an epic scale. It is the only energy technology that can currently meet the energy needs of all 7+ billion people on this planet. While there are some truly exciting supplemental technologies that may rise to dominance in some distant decade, that does not diminish the greatness or immense value of fossil fuel technology. “Ultimately, the moral case for fossil fuels is not about fossil fuels; it’s the moral case for using cheap, plentiful, reliable energy to amplify our abilities to make the world a better place – a better place for human beings.” Learn more about his book The Moral Case for Fossil Fuels.