For Americans who want their lights, heat and A/C to keep working and to keep driving normal cars with gasoline available and affordable, the choice for president is a no-brainer.
Donald Trump is pushing a “drill, baby, drill” approach that will surge US oil and gas production and keep power plants healthy and energy supplies plentiful — holding down prices.
Kamala Harris will continue her war on fossil fuels, banning gas appliances and gas-driven cars, imperiling the nation’s electric grid — and driving prices up, up and up.
“I will be the American energy president,” Trump vows. He’s promising to cut energy costs in half.
That’s not just talk: In his first term, Trump made America energy-independent and kept prices low. Now he has a hyper-aggressive plan to boost US production, and keep prices low, again.
For starters, Trump would slash red tape, speed up approvals for new power plants, spur nuclear energy and scrap countless Biden-Harris anti-fossil-fuel rules.
Pennsylvania voters needn’t worry — as they must with Harris — that he’d ban fracking, which has supported hundreds of thousands of jobs in that state and generated enormous revenue.
Yes, Harris now claims she wouldn’t ban fracking either, but in her failed 2020 presidential bid, she said bluntly: “There’s no question I’m in favor of banning fracking.”
And there’s plenty she could do to restrict fracking in pursuit of the overall anti-carbon agenda she still has.
The differences go further. --->READ MORE HERE
| Martin Kozlowski |
Shale is crucial to the U.S. economy, and it allows Washington to buttress our allies across the globe.
This year’s presidential race features an oddity: a discussion about a ban on fracking. What’s striking is that such a conversation is happening at all. This talk takes participants through the Wayback Machine to the first two decades of this century, when hydraulic fracturing and horizontal drilling—together known as fracking—came to public attention. The U.S. was then the world’s largest importer of oil. Today it is energy-independent with, S&P Global estimates, more than 70% of its oil and more than 80% of its natural gas produced through fracking. The process has become essential to the nation’s energy supply and can’t be eliminated.
Not long ago the prospect of U.S. energy independence seemed fanciful. For more than four decades every president aspired to it, but their goal seemed unattainable. Many observers considered the U.S. destined to grow more dependent on imports. In recent years, however, America has achieved energy independence on a net basis. U.S. output is closing in on 13.5 million barrels of crude oil a day, exceeding that of perennial big producers Saudi Arabia and Russia by several million barrels per day. Add what are called natural-gas liquids, and the U.S. produces around 20 million barrels per day.
Textbooks used to hold that commercial production of shale was impossible. Innovation and investment over decades have proved otherwise. Yet despite this progress, many continue to underestimate how transformative shale oil has been for the U.S. economy and the American way of life.
Consider a concrete example. My firm estimates that battery-powered and plug-in hybrid electric vehicles will account for about 2% of the U.S. on-road light-vehicle fleet in 2024. If fracking were banned, the U.S. would need to import extraordinary amounts of oil to fuel our gasoline- and diesel-powered cars. In 2008, before shale-oil production began in earnest, the net bill for importing petroleum was $388 billion—more than 40% of the total merchandise trade deficit. Today the same bill, by contrast, is virtually nothing.
There would be other costs to a phase-out of fracking. If the U.S. were to start importing again, the price of oil would doubtless rise, as we would be forced to compete for supplies with countries such as China, which is estimated to import more than 70% of its petroleum. The U.S. also exports a large amount of liquefied natural gas, mostly produced from shale. Without it, LNG’s positive effect on the trade balance would disappear too. --->READ MORE HERE (or HERE)Follow link below to a relevant story:
++++Kamala Harris once pledged to ban fracking. Trump won’t let her forget it++++++
If you like what you see, please "Like" and/or Follow us on FACEBOOK here, GETTR here, and TWITTER here.
No comments:
Post a Comment