The abundance of natural gas in the U.S., coupled with its low price, makes it the ideal resource for making the U.S. more energy independent and growing the economy, said energy tycoon T. Boone Pickens at the ARPA-E Energy Innovation Summit outside Washington, D.C. America has an advantage because it is the first country to successfully hydraulically fracture commercial wells. "This is a resource that we have to use in this country, and you can recover the economy off of the resource," he said.

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