Isn’t fracking great?

Fracking is proving a god-send to saving the planet…wait…what?

The U.S. Department of Energy published data last week with some amazing revelations — so amazing that most Americans will find them hard to believe. As a nation, the United States reduced its carbon emissions by 2 percent from last year.Over the past 14 years, our carbon emissions are down more than 10 percent. On a per-unit-of-GDP basis, U.S. carbon emissions are down by closer to 20 percent.

Even more stunning: We’ve reduced our carbon emissions more than virtually any other nation in the world, including most of Europe.

How can this be? We never ratified the Kyoto Treaty. We never adopted a national cap-and-trade system, or a carbon tax, as so many of the sanctimonious Europeans have done.

The answer isn’t that the EPA has regulated CO2 out of the economy. With strict emission standards, the EPA surely has started to strangle our domestic industries, such as coal, and our electric utilities. But that’s not the big story here.   

The primary reason carbon emissions are falling is because of hydraulic fracturing — or fracking. Some readers now are probably thinking I’ve been drinking or have lost my mind. Fracking technology for shale oil and gas drilling is supposed to be evil. Some states have outlawed it. Hillary Clinton and Bernie Sanders have come out against it in recent weeks. School children have been bombarded with green propaganda about all the catastrophic consequences of fracking.

They are mostly lies. Fracking is simply a new way to get at America’s vast storehouse of tens of trillions of dollars worth of shale oil and gas that lies beneath us, coast to coast — from California to upstate New York. Fracking produces massive amounts of natural gas, and, as a consequence, natural gas prices have fallen in the past decade from above $8 per million BTUs to closer to $2 this year — a 75 percent reduction — due to the spike in domestic supplies.

This free fall in prices means that America is using far more natural gas for heating and electricity and much less coal. Here is how the International Energy Agency put it: “In the United States, (carbon) emissions declined by 2 percent, as a large switch from coal to natural gas use in electricity generation took place.”

It also observes that the decline “was offset by increasing emissions in most other Asian developing economies and the Middle East, and also a moderate increase in Europe.” We are growing faster than they are and reducing emissions more than they are, yet these are the nations that lecture us on polluting. Go figure.

And yet the Green taliban want fracking banned.

But aren’t markets wonderful? No carbon tax, no carbon trading, no signing Kyoto and they are beating the whole world in carbon emissions. Stick that in your pipe and smoke it.

 

-RealClearPolitics


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

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