An Ungrateful Nation Turns Its Back On Fracking
News Article Sponsored by C-Automation Inc.
Energy: The benefits of “fracking” have never been greater. Prices are lower and the country is emitting less CO2. Yet most people now oppose fracking. What gives?
Even more surprising, the drop in overall support is largely the result of a shift among Republicans. While 66% supported fracking last year, a bare majority (55%) do now. Support was steady among independents (35% vs. 34%) and Democrats (26% vs 25%).
This makes absolutely no sense.
The drop in gasoline prices is a direct result of fracking, which has turned the U.S. into an oil producing giant. In fact, the drop in gasoline prices compared with 2014 will save the average household $1,000 this year, on top of the $660 saved last year.
Natural gas prices are also at historic lows thanks to fracking, which is lowering heating bills and the cost of goods and services throughout the economy.
A report from the consulting firm IHS finds that the average household had an additional $2,000 in disposable income last year because of lower energy prices, which it says will climb to $2,700 in 2020 and $3,500 in 2025.
Ban fracking, as Democratic presidential contenders Bernie Sanders and Hillary Clinton want to do, and these savings would quickly evaporate.
For those who think that global warming is mankind’s most serious threat, fracking has been a huge windfall, resulting in a sharp drop in CO2 emissions, as power plants switch from coal to gas. Even the far-left liberal publication Mother Jones has admitted that banning fracking would reverse these gains.
The only reason the public isn’t ecstatic about fracking is because environmentalists — who oppose any and all fossil fuels — have mounted a sustained disinformation campaign about its risks.
They claim that fracking harms drinking water, despite an EPA report to the contrary. They say it could cause earthquakes, based on mere speculation. They warn that it’s adding huge amounts of methane to the atmosphere, which it isn’t.
When prices are low, it’s easier to buy into these myths. But energy prices won’t be low for long if the public gives in to misguided calls to clamp down on fracking.
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