[vc_row animation=””][vc_column width=”1/1″][vc_column_text]The following appeared on Sunday, December 27 in the Scranton Times Tribune. George Stark is the Director of External Affairs for Cabot Oil & Gas Corporation. You can follow him on Twitter: @StarkGeorge.
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Did you know low-cost energy is contributing to more savings than just your utility bills?
Energy is something we use every day but tend not to think about too frequently. From heating our homes to charging our phones to cleaning our clothes, energy is something we simply cannot live without. It powers industry and delivers goods to the marketplace. And often we only think about it when there is a shortage or outage.
But whether we think about it or not, the natural gas production from Marcellus Shale right here in Pennsylvania is helping to lower energy bill costs, the costs of food and the cost to operate businesses. The unrivaled production will last for years given current production output.
The Pennsylvania Public Utility Commission estimates that since 2008, homes across the commonwealth have averaged a savings of $100 per month. Even homes not using natural gas in appliances are seeing savings thanks to reduced costs of electric generation, home heating fuel and propane. Across the country, estimated savings in energy thanks to the shale revolution will average $1,800 per household this year.
These savings are also felt across the board by businesses, manufacturers and nonprofit organizations — all of which now have savings in their operational budget which can be deployed elsewhere.
For Cindy Beeman, director of Susquehanna County Interfaith, the build out of Leatherstocking Gas Co.’s natural gas infrastructure in the county coupled with the declining cost of home heating fuel and propane is a blessing.
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