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The AAPG/Datapages Combined Publications Database
Houston Geological Society Bulletin
Abstract
Abstract: The Domestic Natural 
Gas
and Oil Initiative
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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