At ConocoPhillips we've got a long history when it comes to natural gas. In 1917, at a time when most companies burned off the natural gas they discovered while drilling for oil, the Phillips brothers chose instead to open the first processing plant to recover liquids from natural gas for sale to new customers.

Today, almost a century later, natural gas is the world's third-leading energy source – and it has room to grow. Advancements in extraction technology have opened up large reserves here in America, focusing attention on how our country can best utilize this cost-effective and cleaner-burning fuel.

As America works to create its energy future, we at ConocoPhillips believe natural gas must play a critical part. It is clean, safe and affordable, with an abundant supply that can help meet America's energy needs for several generations to come.

Building a balanced energy policy is a complicated and challenging task, and we recognize that no one has all the answers. We don't think natural gas can be the only solution, but it can and should play a big role.

Going forward in this debate, ConocoPhillips is committed to doing our part. We understand the importance of addressing our challenges with the best solutions we have available today, while continuing to work for better ones down the road. We recognize there are a variety of viewpoints and we are ready to work with leaders and other stakeholders to help address America's future energy needs.