Shale boom: Innovation, not regulation, unleashes prosperity and freedom

I was reading this past week about the explosion of oil shale development in the United States, and about how and why it's driving the recent plunge in oil prices. It's quite a story. If all you know about fracking is the shrieking you've heard from liberals about it causing earthquakes, you really owe it to yourself to get the truth. Fracking requires you to drill a hole several miles deep, then turn at a 90-degree angle and drill several more miles in order to get at fossil fragments that have been in the ground for millions of years. And that's just the process of getting to them. That doesn't even get into the challenge of production and distribution.