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If there is one conclusion that should be drawn from the boom in U.S. natural gas production, it is that supplies are so abundant that it makes economic sense to export some of our gas to countries overseas. No one could have imagined that possibility even a few years ago...
New York Times natural-gas reporter Ian Urbina last week launched another salvo in his crusade against the shale-gas industry, and demonstrated once more why there is little trust of him at USDA.
There are new twists to in the ever-entertaining faux debate over the dangers of shale gas. The New York Times, which turned obscure Cornell University marine ecologist Robert Howarth into an anti-fracking rock star in its questionable spring series on shale gas, and got hammered for it by its own public editor—I‘ll take some of the credit—is finally getting on the science bandwagon.
Please join AEI and the Institute for Energy Research for a lively discussion of America’s history of gas regulation and thoughts about our natural gas future.
Howarth doesn’t have to convince anyone he’s right to devastate New York’s budding shale industry and put tens of thousands of jobs into question. He wins if he muddies the waters enough to give cautious Albany bureaucrats reason to stall.
Not long ago, environmental groups were heralding natural gas as a “bridge fuel to a more climate-friendly energy supply.” Today, New York “progressives” are leading the charge to demonize it as a “bridge to nowhere” — producing “water contamination, air pollution, global warming and fractured communities.” Why the flip-flop?
With the shale boom radically altering the energy chessboard, panicked ideologues are resorting to a tired ploy: pitting natural gas against alternative sources as if generating energy is a zero-sum game.
Oil production, made possible by the combination of horizontal drilling and hydraulic fracturing, is unlocking vast supplies of energy from the North Dakota's Bakken formation and putting it on an economic trajectory that is unmatched elsewhere in the country.
There can be an appropriate place for government subsidies to influence the choice of vehicle fuel technology. But such choices should be subject to rigorous cost benefit analysis with a high threshold for approval.
High gas prices are inducing consumers to tighten their belts and politicians to call for taxes on oil companies. This Outlook explores the true causes of oil price fluctuation and explains how policymakers can help lower gasoline prices.











