Speech at 2011 CPAC conference: on Energy & Oil

Newt Gingrich: FactCheck: US has 110-year supply of gas, not 1,100 years

Shale gas is a form of natural gas. It's true that new drilling and fracturing techniques have made it possible to tap into shale resources that were previously considered not to be economically viable. As of 2009, shale gas made up 14% of the US natural gas supply. But the U.S. isn't currently sitting on a 1,100 year supply of shale gas--or natural gas in general, if that was Gingrich's meaning. The country's supply is actually about 10 times smaller than that: The US possesses 2,552 trillion cubic feet (Tcf) of potential natural gas resources, enough to supply approximately 110 years of use. Natural gas from shale resources accounts for 827 Tcf of this resource estimate.

Newt Gingrich: 2008 petition drive: Drill here, Drill now, Pay less

In 2008 when gasoline was at $4 a gallon, [my policy organization] American Solutions launched a petition drive: Drill here, Drill now, Pay less.

The Left couldn't survive in a world where we had the courage to say, "Why don't we find American oil and why don't we find American gas, and why don't we have the next building boom in the United States, not in Dubai. And why don't we make sure that the terrorists run out of money?" And that ought to be our approach to this, so let's do it now.

First of all: Reopen off of Louisiana. The people of Louisiana want it to happen. So let's reopen the areas off only those states that want to reopen them, but if a state wants to go and find oil and gas and wants to create more jobs in that state, let's let them do it now.

Newt Gingrich: New nuclear plants would reduce 2 billion tons of CO2 a year

There are two things about nuclear power. One, we should dramatically go through and streamline the regulatory process for the big plants, but two, there's a whole new generation of very small nuclear power plants, that are very, very safe, that should not come under the certain kind of regulatory design for a huge, giant multi-million dollar plant. And we could go to a much more effective nuclear power, very fast and have a very big job creation technology.

Mitch Daniels: Drill and frack and lease and license