Fracking and other modern drilling techniques are here to stay. Opponents may stop a pipeline here or some drilling there. They may delay it in some states. They may get it banned in some states.
But, alas, they will not stop fracking. There are many reasons why they will not.
Money is one reason. There are too many billions of dollars ultimately trillions at stake. Money talks. It twists arms. It bribes politicians. It buys votes. It buys the support of folks.
Fracking has brought down the price of natural gas by 75 percent or so. People who heat with natural gas are delighted. Trucking firms that are converting fleets to natural gas are delighted. They will choose fracking over higher prices.
Power plants are switching by the dozens to natural gas. They are abandoning coal. This switch has already cut carbon dioxide emissions by 500 megatons per year. And the number grows larger as more power plants switch.
That is a lot of gunk that no longer goes into your air. In fact, it is twice the amount that all the climate change agreements over 20 years have achieved.
Think of that. Thousands of bureaucrats hammered out countless agreements. They caused energy bills to go up by $250 billion. They did this over 20 years. They managed to cut carbon dioxide emissions by only half what fracking has. That is, fracking lowered the price of natural gas enough to achieve twice the emission cuts that agreements did.
The emission cuts are in turn cutting sod from under the anti-fracking movement. You see, some greens who were against fracking were also against coal. Coal the power plants burned. Fracking gets rid of that coal burning. So some greens are opposed to fracking but are not keen to take to the streets over the issue.
Many people, unhappy about fracking, are weary of blackmail by OPEC. They are angry we went to war twice in the oil patch of the Middle East. They are unsettled when Russia bullies its way in world affairs only because of its oil wealth. They want us to be energy independent.
Fracking is giving us that independence. It is giving us supplies of oil and gas that cannot be disrupted by shieks and tinpot dictators. A lot of Americans like that.
Their support and mountains of money will ensure that fracking will be with us for years to come.
From Tom ... as in Morgan.
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