U.S. President Barack Obama is in a "real bind" as the country could potentially bring in hundreds of billions of dollars from natural gas development, but stall renewable energy projects as a result, The Associated Press reported.
Charles Ebinger, director of the energy security initiative at the Brookings Institution, said the president faced a "tough choice" regarding energy development in the United Stated. Amping up gas drilling in the country could create many, much-needed jobs. However, it could also pose environmental concerns.
"I think the question is what does he want his legacy to be," Ebinger told the new source.
A recent study by the International Energy Agency stated that because of the potential for drilling, the United States could become a net exporter of natural gas by 2020 and nearly energy self-sufficient by 2035. The Obama Administration also recently announced it would continue to fight against climate change by reducing carbon emissions and boosting renewable energy sources.
The energy market in the United States is explored at PennEnergy's research area.
