If you have never heard the word Fracking, you will soon. It isn’t a new dirty word, unless you are an environmentalist who wants nothing but green energy.
Fracking is a method of releasing natural gas trapped in shale formations. The method has been quite successful and is aiding our economy and making us less energy dependent on foreign nations:
As recently as 2000, shale gas was 1% of America’s gas supplies; today it is 25%. Prior to the shale breakthrough, U.S. natural gas reserves were in decline, prices exceeded $15 per million British thermal units, and investors were building ports to import liquid natural gas. Today, proven reserves are the highest since 1971, prices have fallen close to $4 and ports are being retrofitted for LNG exports.
If you are interesting in hearing the arguments in favor of Fracking go to The Facts About Fracking.