“How Fracking Has Contributed To U.S. CO2 Emission Reductions”
- Jan 11, 2022 5:14 pm GMT
Since 2008, an outstanding achievement in U.S. energy has occurred with barely a whisper from the news media. Electricity prices have plateaued to a very small annual growth rate, while at the same time U.S. CO2 emissions have been on a downward trajectory. What is the reason for this monumental, but un-noticed and un-celebrated change?
Hydraulic fracturing, or fracking, in tandem with horizontal drilling, is perhaps the most important energy discovery in the last half century. This technological breakthrough to access tight oil and gas-bearing rock formations has lowered energy prices, raised domestic energy security, while lowering CO2 emissions.
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