?Higher energy prices are pushing more Americans to support drilling in areas that had previously been protected and declared off -limits.
The poll released by the Pew Research Center for the People & the Press shows nearly half of those surveyed—or 47%—now rate energy exploration, drilling and building new power plants as the top priority, compared with 35% who believed that five months ago.
“This shows the real impact of higher gas prices on the public,” says Carroll Doherty, associate director for the Pew Research Center, which commissioned the telephone survey of 2,004 adults from June 18 to June 29. The margin of error is plus or minus 2.5%, slightly larger for subgroups.
Doherty says that public support for greater energy exploration is spiking. Compared with just a few months ago, many more Americans are giving higher priority to more energy exploration, rather than more conservation. An increasing proportion also says that developing new sources of energy—rather than protecting the environment—is the more important national priority.
The survey also finds that half of Americans now support drilling in Alaska’s Arctic National Wildlife Refuge, up from 42% in February.
The public’s changing energy priorities are most evident in the growing percentage that views increased energy exploration—including mining and drilling, as well as the construction of new power plants—as a more important priority for energy policy than increased conservation and regulation. Nearly half (47%) now rate energy exploration as the more important priority, up from 35% in February. The proportion saying it is more important to increase energy conservation and regulation has declined by 10 points (from 55% to 45%).
Recommended Reading
Geopolitical Tensions Complicate Oil Price Predictions
2024-10-14 - Geopolitical tensions around the world are an ongoing wildcard for oil prices in the near-term, according to BOK Financial Securities’ Dennis Kissler. U.S. producers will have to pivot off of whatever hand they are dealt.
Lower Prices Spell Lower Oil Growth from Permian, US Shale: EIA
2024-10-09 - The U.S. Energy Information Administration reduced its forecasts for WTI oil prices and Lower 48 oil production growth in its latest Short-Term Energy Outlook report.
Oil and Gas Stocks Revel in a Post-Election Trump Bump
2024-11-08 - Oil and gas company stocks, particularly those of E&Ps and oilfield services, enjoyed a boost immediately following the presidential election of Donald Trump.
OPEC+ Agrees to Delay October Output Hike for Two Months, Sources Say
2024-09-05 - Oil prices edged up from multi-month lows on reports of an OPEC+ delay as well as a decline in U.S. inventories, though gains were capped by persistent demand concerns.
Oil Prices Jump 4% on US Storm, Israel-Iran Fears
2024-10-10 - Oil prices jumped about 4% on Oct. 10 on a spike in U.S. fuel use before Hurricane Milton barreled across Florida, Middle East supply risks and signs that demand for energy could grow in the U.S. and China.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.