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The AAPG/Datapages Combined Publications Database
Houston Geological Society Bulletin
Abstract
Abstract: The Domestic 
Natural
Gas and Oil Initiative
Natural Gas and Oil InitiativeBy
In December, the current administration
in Washington released "The
Domestic Natural Gas and Oil
Initiative." This Initiative recommends
specific actions to be taken within ten
focus areas for producing more domestic
energy. Members of the administration
are making an effort to educate the
public and Congress on the importance
of the domestic natural gas and oil
industry to the U.S.'s national and economic
security.
Among the plans included in the initiative area:
- Review tax incentives to attract capital into the industry
- Increase gas and oil production and environmental protection through the development and application of technology
- Stimulate markets for natural gas
- Reduce the cost of regulation where applicable while maintaining environmental protection
- Encourage industry and government partnerships to build on America's technological lead in gas and oil exploration and production
- Assess the near and long-term economic, environmental and security implications of rising U.S. dependence on oil imports, via an integrated study, including various agencies.
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