Nonpartisan Brookings Research Finds Huge Benefits from Fracking
The nonpartisan Washington, DC-based think tank the Brookings Institution recently published a detailed paper on the enormous benefits of shale gas to American society as a whole. Titled “Welfare and Distributional Implications of Shale Gas” (full copy below), the research paper finds that the average American household that burns gas now saves $200 per year on the cost of that gas, a cumulative economic impact of adding $13 billion more in disposable income into the economy. In fact, as of 2013, Brookings finds the “fracking revolution” as they call it, has improved the economic well-being of consumers a staggering $74 billion per year. All because of the miracle of fracking…
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Three weeks ago anti-drillers in the Cleveland suburb of Broadview Heights were handed a crushing defeat in which a County Common Pleas Court judge struck down a so-called community “bill of rights”–the only “right” of which was to deny legitimate oil and gas drillers the ability to conduct business. We pointed out what sore losers anti-drillers are (see
You can’t tell us there isn’t political bias in the world of so-called hard science and whether or not important research gets reported. In 2011 Duke University published a shoddy “study” that attempted to show a link between the presence of 68 shale wells and high levels of methane in nearby groundwater supplies (see
This is really big news. It’s really important news. But don’t look for it on ABC/NBC/CBS/MSNBC/CNN/New York Times/Washington Post/Los Angeles Times/Etcetera ad naseum. They won’t run it because of media bias. Dr. Patrick Moore, a Canadian and ecologist, has been a leader in international environmentalism for more than 40 years. He co-founded Greenpeace and currently serves as chairman of Allow Golden Rice. Greenpeace is one of the biggest anti-drilling organizations on the planet (full of wackos). Yet, Dr. Patrick Moore is a climate skeptic. You read that right. Moore does not believe in man-made global warming. In fact, he calls the whole notion of catastrophic global warming from human activity “preposterous.” Below is a portion of a column written by Dr. Moore explaining his sound, scientific reasons for refuting the idiotic notion that mankind is causing the earth to toast…
Yesterday some 120 new rules that govern oil and gas drilling in North Carolina–including a rule that lifts the moratorium on fracking shale deposits–went into effect. In just a couple of years NC was able to do what so far New York hasn’t been able to do in nearly seven years–it became the 34th state to allow shale drilling. While all shale layers are now open for business, the initial flurry of interest seems to be centered in the center of the state in Lee, Moore and Chatham counties. Popularly its called the Triassic Basin, although technically it’s part of a broader area called the Deep River Basin. Within the Triassic is a sub-basin called the Sanford, and it’s there that two companies are already “aggressively” leasing in the area…