Tuesday, October 30, 2012

Will Ohio and Pennsylvania Voters Commit Economic Suicide?

Ohio and Pennsylvania have been enjoying an economic boom as a result of fracking for natural gas in tight rock formations. Good economic times favours the incumbent president in an election. But President Obama and his EPA are predisposed to regulate fracking for oil & gas out of profitable existence, once safely past the next election. They would largely kill Ohio's and Pennsylvania's nascent economic prosperity, as a result.

Obama says that green energy is best, and that "we can't drill our way out of this problem." But a lot of very serious people are saying that, "yes we can drill our way into millions of new jobs!"

Obama is not likely to acknowledge it publicly, but the only entities to profit from a shutdown of US fracking for oil & gas, would be Russia and the OPEC oil states.

H/T Carpe Diem

US Oil Production Reaches 17 Year High, thanks to fracking

More on the US energy boom from horizontal drilling and fracturing

More on shale oil & gas

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Blogger Matt M said...

That would be pretty Fracking stupid!

11:45 AM  

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