An Ungrateful Nation Turns Its Back On Fracking

fracking towerThe benefits of “fracking” have never been greater. Prices are lower and the country is emitting less CO2. Yet most people now oppose fracking. What gives?

A Gallup poll taken in early March shows that 51% of Americans say they oppose fracking “as a means of increasing production of natural gas and oil in the U.S.” That’s up from 40% just one year ago.

Even more surprising, the drop in overall support is largely the result of a shift among Republicans. While 66% supported fracking last year, a bare majority (55%) do now. Support was steady among independents (35% vs. 34%) and Democrats (26% vs 25%).

Gallup speculates that lower gas prices and a decline in the share of Americans worried about energy shortages are behind the decline.

This makes absolutely no sense.

The drop in gasoline prices is a direct result of fracking, which has turned the U.S. into an oil producing giant. In fact, the drop in gasoline prices compared with 2014 will save the average household $1,000 this year, on top of the $660 saved last year.

Natural gas prices are also at historic lows thanks to fracking, which is lowering heating bills and the cost of goods and services throughout the economy.

A report from the consulting firm IHS finds that the average household had an additional $2,000 in disposable income last year because of lower energy prices, which it says will climb to $2,700 in 2020 and $3,500 in 2025.

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Comments (2)

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    Results for this Gallup poll are based on telephone interviews conducted March 2-6, 2016, with a random sample of 1,019 adults, aged 18 and older, living in all 50 U.S. states and the District of Columbia.

    People will very often say anything on the phone just to get rid of the interviewer, if they think the answer is what the questioner wants to hear.

    The whole nation based on a random 1019 adults. Really.

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    People have experienced a massive disconnect from reality due to limitless credit and bailouts . Car lending practices are now headed to subprime and federal debt will is compounding in the $$Trillions each year with zero chance it will be repaid . This artificial bubble of wealth has insulated those that still have a higher standard of living into high and mighty idealism . Fracking can produce cleaner energy at a cost that helps American
    companies compete in an increasingly low labour cost world .
    Businesses that are into renewables supported by government naturally hate fracking because it destroys any chance of them being remotely competitive .

    As long as the addiction to debt and deficit’s persist a lot of good outcomes can be made to look bad by vested interests at the government trough .

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