Some 90% of all US wells are now hydraulically fractured. Fracked wells in shale formations open up vast supplies of oil, natural gas and petroleum liquids that previously were locked up and inaccessible. Fracking conventional wells expands and prolongs production, leaving less energy in the ground.
Joe Biden, Kamala Harris, AOC, the Democrat Party and US environmentalists are determined to make climate change, the Green New Deal, and replacing fossil fuels with wind, solar, battery and biofuel power the centerpiece of their foreign and domestic policies. They would ban fracking outright – or price and restrict it out of existence through a slow, painful death of a thousand regulatory cuts.
That would cost millions of jobs and billions of dollars in annual royalty and tax revenues, send energy prices soaring, and end America's newfound status as the world's foremost oil and gas producer.
