Fracking: injecting fluid and chemicals into underground rock formations for the purpose of releasing fossil fuels embedded in the rock.
Is fracking for fossil fuels the cure for our nation’s ills?
One of the problems we face right now is that the unemployment rate among young people – especially young men – is much higher than it was twenty years ago. And the major reason is that our blue collar jobs have disappeared or have been outsourced.
Fracking in America is a much needed new source of high paying blue collar jobs.
Another problem that the United States faces is that we run a gigantic trade deficit. Our $500 billion annual trade deficit could possibly lead to inflation or recession.
Becoming energy exporters rather than importers is a great way to cut our trade deficit. And the only way that is going to happen is if we embrace widespread fracking.
An even bigger benefit of energy independence is that we can finally stop interfering with the oil-producing countries of the Middle East.
The price of dealing with the Middle East has been far more than just $3.50 a gallon. During this century alone, we have lost $1 trillion in military spending, thousands of lives, and two Manhattan office buildings.
People in the Middle East sure don’t care for us right now. But I believe that if we simply stop invading their countries and harvesting their oil, the problem will go away in a generation.
In twenty years, I picture a middle aged Jordanian man telling his son about the days when he hated America. “America?!,” his son will exclaim. “You mean the country that gave us McDonalds, the iPhone, and Lil Wayne? Why on earth did you have a problem with them? Those guys are cool.”
It is clear to me that the benefits of fracking far outweigh the costs. However, the costs of fracking are real and potentially disastrous for the rural communities in which fracking occurs.
You’ve heard my pro-fracking argument. If you want to see an impassioned anti-fracking tale, check out the Gus Van Sant movie “Promised Land.”
Matt Damon plays a likable but naive corporate salesman. He is sent by Global Corporation to buy up farmland in rural Pennsylvania and convince the townspeople to let Global drill for natural gas.
Along the way, he meets a persuasive environmental activist (John Krasinski) and he learns that the corporation he works for is more diabolical than he ever imagined.
“Promised Land” makes a pretty convincing argument that energy corporations have the power and the greed to frack in your home town if they discover natural gas there. And they don’t care whether you like it or not.
But to me that’s the neat thing about capitalism. There are times when a corporation can make the United States a richer, safer, better place simply by following its own selfish interests. This is one of those times. Let them frack.