Opinion Piece in Forbes Says Fracking Reduces Carbon More Than Obama!
Forbes recently published an opinion piece on their website that makes a bold claim, but one that’s sure to resonate with anyone who supports the oil and gas industry. The guest commentary was written by Jacki Pick, the Executive Vice President and Chief Operating Officer with right-leaning think tank the National Center for Policy Analysis.
Without pulling any punches, Pick writes, “fracking is the answer to carbon emissions reduction.” Not only that, but she goes on to claim that President Barack Obama’s plans to reduce carbon emissions would actually yield much less overall reductions than the fracking industry. As several high-profile fracking cases make their way through the Colorado Supreme Court, such commentaries provide a crucial counterpoint to those who doubt the industry’s benefits.
Most importantly, during a time of widespread underemployment, the oil and gas industry generates 9.8 million jobs and an estimated 8% of the national economy. That 9.8 million figure includes men and women from all walks of life, like laborers at the oil fields of South Dakota, chemical engineers at offshore oil wells, and the hundreds of companies manufacturing American-made oil drilling equipment.
What many Americans don’t realize is that natural gas from hydraulic fracturing has been crucial in cutting carbon emissions. Pick reminds her readers that:
“The U.S. already leads the world in carbon emissions reduction, with emissions down 26% since the shale boom hits its stride in 2007. Why? Because of the use of natural gas, a fossil fuel, now produced in historic volumes made possible through fracking, or hydraulic fracturing. Fracked natural gas has been key to reducing U.S. carbon emissions to their lowest levels since 1988, the U.S. Department of Energy recently announced.”
The Department of Energy made another big announcement recently about the true nature of fracking. Since 2013, two million oil and gas wells have been fractured, and fracking accounts for 95% of new wells being drilled. That means we as a nation will continue reducing carbon emissions in the decades to come. And thanks to the boom in natural gas production, the U.S. was the world leader in natural gas and petroleum production last year. And as global proved oil reserves rise by 27%, it’s crucial that the U.S. keep up the pace, lest we fall behind.
Did you read Jacki Pick’s commentary? Let us know what you thought of her piece in the comments…