12__2014
December

The Progressive Case for Fracking

Wall Street Journal | December 12, 2014 | by James Bloodworth

Some of the most vociferous opponents of fracking are liberals, yet the shale revolution has the potential to undermine some of the world’s most illiberal regimes, in the process freeing the U.S. from its bondage to Saudi Arabia, as demanded by progressives for decades. Thuggish governments in Caracas, Moscow and Tehran don’t much like shale either, which ought to endear it still further to democrats. ...Yet it is to recognize that American shale producers are engaged in a price war with some of the world’s vilest regimes. In that respect, the left should get on board the fracking revolution. Read more...

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In Case You Missed It: U-T San Diego editorial says Energy Independence is Driving U.S. Economic Rebound

December 12, 2014

Over the weekend, U-T San Diego's editorial board wrote about how hydraulic fracturing is helping the nation’s economy recover with middle class job creation. The paper wrote: “This has sharply increased U.S. oil and natural gas production, driving down the cost of energy to the point where U.S. manufacturing is making a huge comeback just a few years after it was left for dead. Given that energy production and manufacturing are two prime sources of middle-class jobs that don’t require college degrees, this is tremendous news.” The paper also cautioned that energy bans would slow California’s economic growth:

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Why are gas prices going down?

Yahoo News | December 12, 2014 | by Shawna Ohm

The world is producing a staggering amount of fuel. The U.S. in the middle of a massive energy boom thanks to shale and fracking and is now the biggest producer of oil in the world. The thing is - OPEC is not so crazy about that. The organization steadfastly refuses to decrease production to accommodate increased US production. Read more here.

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Economic recovery grows from private sector, not government

The Washington Times | December 12, 2014 | by Stephen Moore

Production costs fall when energy costs do, so the supply of American-produced, non-oil and non-gas products, such as manufactured goods, rise when gas is cheap. With prices lower now in this quarter, the good news story rolls on. Thank you, fracking. Read more here.

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Driving U.S. rebound: the fracking loathed by liberals

UT San Diego | December 12, 2014 | by The Editorial Board

For starters, embracing the phenomenon that economists say is more responsible for the U.S. rebound than any other factor: the fracking revolution. The 70-year-old technique of using underground water cannons to free up energy supplies has gotten far more efficient in recent years. This has sharply increased U.S. oil and natural gas production, driving down the cost of energy to the point where U.S. manufacturing is making a huge comeback just a few years after it was left for dead. Given that energy production and manufacturing are two prime sources of middle-class jobs that don’t require college degrees, this is...

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Oil’s Swift Fall Raises Fortunes of U.S. Abroad

New York Times | December 12, 2014 | by Andrew Higgins

A plunge in oil prices has sent tremors through the global political and economic order, setting off an abrupt shift in fortunes that has bolstered the interests of the United States and pushed several big oil-exporting nations — particularly those hostile to the West, like Russia, Iran and Venezuela — to the brink of financial crisis. ...The price drop, said Edward N. Luttwak, a longtime Pentagon adviser and author of several books on geopolitical and economic strategy, “is knocking down America’s principal opponents without us even trying.” For Iran, which is estimated to be losing $1 billion a month because...

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Give fracking some credit

The Sacramento Bee | December 12, 2014 | by Eric Eisenhammer

Thanks in large part to fracking, an energy revolution is underway in America. Increased domestic production has reduced our reliance on oil imported from overseas. As your editorial pointed out, this has weakened Vladimir Putin and could reduce tensions in Ukraine. It’s a shame that some extremists want to put an end to our energy independence by pushing for bans on hydraulic fracturing. Misguided hydraulic fracturing bans will only drive up prices at the pump and give foreign countries more control over our energy future. Read more here.

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NRDC’s “New” Report Just a Rehash of Old (and Discredited) Studies

Energy In Depth | December 12, 2014 | by Katie Brown

There’s a good reason that groups like NRDC have recently taken to rehashing old, discredited reports: the scientific evidence is so strongly against them, and they have no new evidence to support their claims, that they have to resort to repackaging old material in an attempt to garner the desired headlines purporting harm.  Given their track record, it’s not surprising that very few outlets even noticed. Read more here.

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Eight countries that win and lose big from oil plunge

USA Today | December 12, 2014 | by Kim Hjelmgaard

USA - Low gasoline prices for the world's largest user of oil mean more consumer spending for everything else and, thus, faster economic growth. Gas prices — the national average is down to $2.54, according to the Fuel Gauge Report — are the lowest in five years. Read more here.

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Lifting the U.S. ban on oil exports would send OPEC a message

Los Angeles Times | December 12, 2014 | by Chris Faulkner

OPEC has good reason to feel threatened. The U.S oil business is experiencing an unprecedented production boom thanks to hydraulic fracturing, or fracking. According to the Energy Information Administration, U.S. oil production has risen to 9.08 million barrels a day — its highest level in more than 30 years. The United States has already overtaken Saudi Arabia, OPEC's dominant member, as the world's largest producer of petroleum liquids — which includes natural gas — according to the International Energy Agency. In the last three years, oil and gas production has grown faster here than in any other country in history....

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Californians for Energy Independence is a coalition that supports state and local policies that allow for continued domestic energy production and opposes those policies – such as oil taxes and energy bans—that would hinder production and increase reliance on foreign oil.

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