Thursday, June 11, 2015

Fracking our way into America's future.

In an NPR story this morning, a Harvard business professor predicted that fracking can be the bridge to an economic revival and a clean-energy future in America.  He claimed that fracking has already created 2.7 million jobs in the U.S. and that on average the American household enjoys an $800 per savings on energy costs.  Natural gas is cleaner than coal and could be the bridge to an alternative energy future.
http://www.npr.org/2015/06/11/413395080/americas-next-economic-boom-could-be-lying-underground

These arguments fly in the face of green nay-sayers who contend that the fracking/natural gas boom will kill the alternative energy movement.  The data seem to say otherwise.

Freedom from dependence on Middle East oil would be bonus.  With Muslim jihadists fixated on the killing fields of Iraq, the U.S. has been relatively terrorism free... except for the Boston Marathon tragedy and our own homegrown nut cases.

Of course, greed is a corporate watchword and greedy frackers won't minimize environmental harm unless we force them.  Not any more than coal barons and oil field drillers did.  

But, assuming this can be done, this economist has the right idea.  We need more such out-of-the-box thinking, if the American Middle Class is going to be saved and enabled to rebound.


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