frackng

Leading Democratic presidential nominees want to ban fracking “everywhere.” However, the ban may do more harm than good and adversely affect U.S. and global energy security. A U.S. fracking ban will incentivize emerging economies and high carbon emitters like China, India, and other Asian countries to turn even more to coal and heating oil to meet their power generation, heating, and cooking needs. Also, the ban will increase the costs of wind and solar projects since their components come from natural gas liquids and liquid petroleum gas derived from oil and natural gas. Read more