The cost of banning fracking
Bernie Sanders’ proposal to ban fracking should “scare the dickens” out of Americans, said the Washington Examiner. That technique for extracting oil and natural gas from underground rock has tripled the amount the U.S. can produce, “making the country energy independent”—indeed, an energy exporter. It’s also created more than 1 million jobs in Pennsylvania, Ohio, Michigan, and other states Democrats hope to win in November, dramatically lowered heating prices for tens of millions of Americans, and cut utilities’ reliance on dirty coal for electricity generation by half. As a direct result of natural gas replacing coal, the U.S. is one of the few nations in the world whose carbon dioxide emissions are in decline, having fallen 14 percent since their peak in 2007. With new technology now being tested, fracking can be made cleaner still, and play a critical role in our country’s move toward zero emissions. Sanders and Rep. Alexandria Ocasio-Cortez, who introduced a fracking-ban bill in the House, would rather rely on Soviet-style “central planning” and put the government in charge of all energy policy—and of the economy itself. “Every historical attempt” to run economies this way has ended in failure. So would this one.