While natural gas production is helping to lead an economic recovery and secure America’s energy future, the technology that has generated stunning production increases is also attracting its share of hysteria. Despite the fact that hydraulic fracturing has been used safely the past 60 years in more than 1.2 million wells without a single case of groundwater contamination, natural gas critics have sought to convince the public that it is a new, dangerous technology. One prominent foe is amateur filmmaker Josh Fox, who makes a number of meritless claims about unconventional shale gas in his 106-minute film, Gasland.
With its hostile response to a recent American Energy Alliance ad, the Obama reelection machine recalled the player queen in Shakespeare’s “Hamlet.” The president’s camp doth indeed protest too much. The question is, What’s got the Obama campaign running scared?
President Obama, highly aware of the re-election vulnerability that comes with high gas prices, continues to hide behind tired “it’s not my fault” campaign rhetoric, while using the opportunity to call for an expansion of his failed subsidy policies.
The world’s oil market seized in recent days amid heightened tensions between the United States and Iran in the Strait of Hormuz. Oil-rich Iran, sensitive to the prospect of global sanctions on its exports, hinted that it would attack American shipping in the strait.
As the economy fails to gain traction, the Obama administration is proposing an additional burden—new, tougher ozone (air quality) regulations. This is not only curious; it’s simply bad public policy. The air we breathe today is as clean as it has been since the Environmental Protection Agency starting collecting information, but new strict regulations could cost 7.3 million Americans their jobs.