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We see natural gas as an important part of the electricity generation mix for many decades to come.

Natural gas is better distributed than any other fuel in the United States. It's down every street and up every alley. There's a pipeline.

We've recognized that natural gas would be the fastest-growing of the conventional fuels: oil, natural gas, coal. And so, we see the important role that natural gas will play globally and, more importantly, the important role it will play in the U.S. in terms of meeting future energy demand.

Natural gas is the one fuel that we have that's affordable, it's scaleable, it can replace coal over time, it can replace imported oil, can create American jobs.

Nobody disputes that cheap natural gas would be a good thing for the economy. The question is, is this a sustainable new development that can be counted on for decades to come, or simply a 'bubble' brought on by a land grab and drilling frenzy?

What we are investing in, from a generation standpoint, are renewables and natural gas.

Cheap natural gas is a big stimulus to petrochemical production and a meaningful one for all U.S. manufacturing.

Natural gas will displace coal in power generation. Getting natural gas into the transportation fleet is harder. It works best for vehicles that work from centralized fueling facilities like trucking fleets or buses and cabs. That is happening. Before it can make big inroads beyond that, infrastructure is going to need to be developed.