New advances in extracting oil and natural gas from shale formations hold great promise for America’s energy future. Indeed, recent analysis indicates the West alone could generate 1.3 million barrels of production per day by 2020, exceeding our current daily imports from Russia, Iraq, and Kuwait combined. But according to Paul Chesser writing in the American Spectator, media attacks on shale production along with environmental infatuation with renewables is resulting in litigation and regulation threatening to kill this energy boom. No wonder some energy experts are calling for reform of federal permitting and regulation so that America can take advantage of this bounty beneath our feet.
March 5, 2013 by Craig Rucker,
Craig Rucker is president and co-founder of CFACT.