Let’s say that you believe in man-caused global warming. You would, therefore, want less man-made CO2 released into the atmosphere. If you are likewise opposed to fracking, then you are working at cross purposes. Without question fracking has reduced greenhouse emissions.
The US Department of Energy (DOE), under the current administration, is not disposed to being friendly to the fossil fuel industry. Therefore, if the DOE produces evidence favorable to the use of fossil fuels, one can believe it – and reckon that they intend to damn with faint praise.
[Source: How Fracking Has Reduced Greenhouse Gases, by Stephen Moore]
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.
What? Wait! Is it the DOE’s war on coal causing this dramatic impact? But, no, mon ami! The reason our carbon emissions are falling at this rapid rate is… are you ready… FRACKING! It is none other than the “evil” fracking industry that has resulted in these remarkable improvements. How is this happening? The answer is simple – capitalism.
People, and especially industry, live in a price coordinated society – at least it is when the government keeps its grubby mitts out of it. They are all looking for value for their dollars. Fracking has produced a huge amount of natural gas. Ergo, natural gas prices have fallen in the past decade. And not just a “little.” The price of natural gas has fallen from $8 per million BTUs to $2 this year — a 75 percent reduction — due to the spike in domestic supplies that has resulted from FRACKING.
The free fall has resulted in far less coal being used for heating and electric energy production. 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.”
During this time the Europeans have shown a moderate increase in CO2 emissions – despite their heavy emphasis on solar and wind energy production. Yet these are the nations that lecture us on polluting. Go figure.
So, are Earth First and the Sierra Club espousing the glories of fracking? Not really! They’ve launched anti-fracking campaigns and “beyond natural gas” advertising campaigns. But wind and solar are hopelessly uncompetitive when natural gas is so plentiful and so cheap. So are electric cars. And, of course, the left-wing media spins this in exactly the wrong direction. The New York Times celebrated the DOE’s emissions findings as evidence that governmental iron-fist policies are working to stop global warming. For the first time “since the start of the Industrial Revolution,” the Times argued, “GDP growth and carbon emissions have been decoupled.”
[From the Moore article] Thanks to fracking and horizontal drilling technologies, we are producing more natural gas than ever before. Natural gas is a wonder fuel: It is cheap. It is abundant. America has more of it than anyone else — enough to last several hundred years. And it is clean-burning…
Meanwhile, the left has declared war on a technology that has done more to reduce carbon emissions and real pollution emissions than all the green programs ever invented…
One must wonder at the logic of the “environmental community.”