Quote:
Originally Posted by CliffFletcher
I don't know about that. Several states already have moratoriums on fracking. Several Europeans countries have banned fracking, and there's a push to ban it in the UK and Australia. A quite large and growing number of people consider fracking a great evil.
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1) None of the states that have a significant O&G industry/future due to fracing have banned fracing. New York and Maryland aren't exactly going to move the needle.
2) Europe and Australia have nothing to do with domestic O&G production in the US. Banning fracing in the US would have a huge impact on that and that's where the job losses & price increases would come from.
Hell having countries overseas ban fracing is great for the US, it gives them a competitive advantage which is huge, especially now that they have the technology & resource base (thanks to fracing) that they can be a net exporter of oil.
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