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Oil and natural gas companies are on the leading edge of innovative technologies to find resources more efficiently and precisely, thereby reducing environmental impact. And companies remain hard at work reducing greenhouse gas emissions and improving environmental performance.
Some technological advances include 4-D visualization (using seismic imaging), directional drilling and deepwater drill ships. These new technologies are applied on land, in the deep waters of our oceans, and in the refineries that create products for consumers.
After decades-long investments of hundreds of billions of dollars, technology is enabling America’s oil and natural gas companies to access more resources with significantly less impact on the environment.
We live in a growing world—one that will continue to require oil, natural gas and renewable energy. We must diversify our energy resources, drawing upon the full range of energy sources, including alternatives.
Oil and natural gas companies are investing in technologies to improve exploration and production of oil and natural gas as well as to develop these renewable resources. Whether wind, solar, shale gas or oil sands, we are constantly seeking out ways to provide new sources of energy to the American consumer.
The oil and natural gas industry believes that each one has an important role to play in America’s energy supply.
Energy efficiency is the cleanest, quickest and most cost-effective way to extend today’s energy supply into the future.
America’s oil and natural gas companies have practiced energy efficiency for decades and continue to develop technologies to reduce emissions within our own processes and from the energy sources that power vehicles and heat homes. For example, between 2000 and 2008, the industry invested more than $58 billion in new low and zero emissions technologies.
The greatest “new” energy source available to use is the reduced demand brought about by greater energy efficiency and conservation. Significant progress has been made in the past and more is expected in the future.
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