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Facts Vs. Fiction

If you look at the current debt of  the United States and pair that with the ability for the United States to free itself from its dependence on foreign oil, it doesn’t seem that the debate on whether or not the US should go forward with capitalizing (we are a country built on capitalism by the way) on our Natural Gas resources is fair. If you look at the current level of our consumption of resources in comparison with other countries, it is safe to say that a home grown energy resolution would exponentially improve our current economic situation.

If you also note that the voice of detractors (as of yet) has no significant hard scientific evidence backing up their concerns about the pollution of aquifers and the harmful effects of Frac’ing, then the debate is not reasonable or rational. This article cites that the Department of Environmental Conservation for the State of New York released the second draft of its Environmental Impact study. According to the article’s author, Douglas Holtz-Eakin, the study concluded “that as long as precautions are in place, fracking can be done safely and won’t contaminate our drinking water.” He added “Remember, this was not an industry report. It was issued by an environmental watchdog in a very liberal state.”

As we’ve reported before, EPA administrator Lisa Jackson said, in a statement to congress that there are “no proven cases where the frac’ing process itself has affected water.” and “We have in place a national regulatory system to protect ground water and well developed principles of property law that protect neighbors,…”  “We don’t need more rules, just consistent application of those we have already.”

Not only are the detractors void of hard evidence, the smoking guns that they were hoping to find are missing. This leaves one conclusion, they are relying on reporting unproven, not unfounded concerns.

In several News articles from multiple states like Ohio, Louisiana, and West Virginia, Natural Gas, and immediately related Frac’ing is creating lots of jobs and will continue to create jobs. This is what we need.

In a report comparing the growth in places like Pennsylvania, who have allowed Frac’ing, and New York, whose Frac’ing ban expired July 1st, Matt Schmidt, summarizes the Public Policy Institute’s release on the potential of Natural Gas in the State of New York.

Some of the Highlights are that the State of New York could potentially create 37,500 jobs annually with only 300 wells.

He also says “From 2009 to 2010, Oil and Gas Extraction and Support Activities for Mining, just two of the Marcellus-related industries, gained 4,355 jobs in Pennsylvania. In New York, these sectors combined saw only 42 new jobs.”

With new job creation and a move away from sending our monies to OPEC, this is a phenomenal opportunity to both stimulate our own national economy and create work for people desperately looking for it.

The Full Article Schmidt references can be found here.

According to MIT and all of the major companies investing billions in Natural Gas and related industries, Natural Gas could be the next big thing. MIT reported that “Natural gas is well positioned, with current technology, to play an increasingly important role in serving society’s clean energy needs over the
next decades…”

According to a Duke University study and the EPA, the concerns about water contamination are not legitimate. There is always the potential for a mistake but the fears are speculative at best as of now.

If the concerns are unfounded, the evidence in favor seemingly one-sided, the potential for an economic boom in front of us, the only question left is “What are the real problems and why is growth being opposed?”

The answer is ignorance.

We love being Americans over here and we love the idea of America getting out from underneath the thumbs of some of our enemies with the prospect of Natural Gas. We love the idea of keeping our wealth rather than spending it needlessly away while we have all the tools we need.

It reminds me of the Great Famine in Ireland. The major export at the time was food. Let’s stop starving while we have the means in-house to get out of needless debt, because we have a lot of it, needless debt that is.

Let’s do this.

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