ANTI-FRACKING ZEALOTS ARE THE ENEMIES OF HUMANITY
Recent news stories underscore the tremendous benefits brought by America's fracking revolution.
* The global economy saves $4.9 billion per day in oil spending because of the shale oil boom. Without it there would be a 3 million barrel per day shortfall and prices would likely be 55% higher: $150/barrel.
* Rust Belt cities and industries - from manufacturing, real estate and law to hotels, restaurants and many others - are rebounding because of drilling, fracking and production in nearby shale areas. In Ohio unemployment fell to 5.7% in July from 10.6% four years ago; oil output increased 26% just from the previous quarter, while gas production rose 31% - generating billions in state and local revenues.
* The US oil and natural gas boom means jobs and business for almost 30,000 companies within the industry's vast and complex supply chain. Indeed, the petroleum industry accounts for nearly 10 million jobs and almost 8% of all domestic economic activity, including states far from actual drilling activities.
* The American Fuel & Petrochemical Manufacturers launched a new website to help veterans and other men and women find high-paying jobs in the booming oilfield, fuel and petrochemical industries.
The benefits of fracking are in the trillions, while the alleged risks are exaggerated or even fabricated. So what drives anti-fracking zealots who seem to materialize en masse whenever a new project is announced?