Vice President Kamala Harris’s changing statements on fracking have become an important issue in the current U.S. presidential election campaign. Only five years ago, Harris pledged to ban fracking, a drilling technique that has helped make the U.S. the world’s top producer of oil and natural gas. Today, the Democratic nominee says she supports fracking, with many political analysts attributing the shift to the political importance of winning Pennsylvania’s electoral votes. Pennsylvania is a major center of U.S. natural production through fracking.
However, the issue goes well beyond Pennsylvania; it also has vast implications for the U.S. economy and energy security of the U.S. and its allies. Moreover, fracking can also be restricted indirectly, without a formal ban. Indeed, the Biden-Harris administration has limited fracking by indirect means, such as special taxes on natural gas production and halting new exports of liquified natural gas (LNG). Thus, the question to Vice-President Harris should not be, will you halt fracking, but will you continue the Biden-Harris administration policies that curb natural gas production and have made production more expensive.
To be sure, the question of whether Harris will adhere to her 2019 commitment to “ban fracking” is relevant to in Pennsylvania, widely viewed as the most important battleground state and home to 20% of U.S. natural gas output. Fracking provides more than 100,000 jobs to Pennsylvania residents and generates more than over forty billion dollars in state revenue. No doubt Harris’s views on fracking will affect her prospects for election in the Keystone State.
However, limitations on natural gas production through fracking, also affect all Americans. The significant increase in natural gas production beginning in the early 2000s enabled by fracking, has helped greatly lower U.S. electricity and heating costs. This has given America an important competitive edge in manufacturing, enticing many companies to relocate to the U.S. from Europe and other places where energy costs are higher. […]
— Read More: wattsupwiththat.com
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