Fracking our way to energy independenceJune 25, 2012
Using hydraulic fracturing to extract heretofore inaccessible energy deposits under the surface of American soil sounds great, but can it really make a difference compared to the oil production juggernaut that is Saudi Arabia and the Persian Gulf?
Yes indeed. Even Thompson Reuters has conceded that fracking dramatically increases production. Take a look at this graphic that shows the significant impact that fracking has had on production in Texas and North Dakota:
More so than sifting through millions of financial transaction data for suspicious activity, more so than combing through thousands of currency transaction reports, more so than sanctioning and blacklisting individual foreign terrorists overseas who may or may not even have any accounts in a Western bank, fracking presents one of the best tools for draining terrorists’ wealth.
Fracking increases U.S. energy output, reduces global prices, lowers dependence on Saudi Arabia and the Persian Gulf, and minimizes the wealth that accrues to hostile foreign powers who reallocate the profits toward terrorism.