Energy Prospectus

Read: https://www.bloomberg.com/opinion/artic ... ble-future

The Democrat's plan to ban all fracing is insane and really shows how ignorant they are of how critical oil, gas and coal are to our standard of living. Plus the price of gasoline and electricity would go through the roof if such a ban were put in place.

Warren’s fracking ban would be bad news for the US, IEA chief says . CNBC .
Fatih Birol, executive director of the IEA (International Energy Agency), told CNBC that a ban on fracking as proposed by some Democratic presidential contenders would have “major implications” for the U.S. energy industry. “Just banning this would not be good news, not only for Americans but for Europeans,” Birol told CNBC’s “Squawk Box Europe” during the World Energy Conference on Monday. Democratic presidential contenders Elizabeth Warren, Bernie Sanders and Kamala Harris have all advocated plans to ban the fossil fuel extraction process that has catapulted the U.S. to becoming the world’s largest producer of oil. “This would have major implications on the market for the U.S. economy, for jobs growth and everything, and not good news for energy security, because for example U.S. natural gas provides a lot of security to the markets,” Birol said.

Why a ban on fracking will never happen . Forbes . Opinion.
The resurgence of U.S. oil and gas production over the past dozen years is directly attributable to fracking. While fracking has been going on in the U.S. since the late 1940s, it wasn't until just after the turn of the century that it began to be increasingly used in conjunction with horizontal drilling. That marriage of technologies ushered in the fracking boom and resulted in a renaissance of oil and gas production. Before the fracking boom, the entire country was becoming increasingly dependent on foreign oil. But even though overall U.S. oil imports have plummeted as U.S. shale oil production has grown, California's foreign oil dependence continues to climb steadily higher. Those calling for an immediate ban are either pandering, or they are naive. In reality, an immediate ban wouldn't happen, because a President would never get the political support to enact such a national ban. Local bans will sometimes win support, but there will never be a nationwide ban.