The fracked up economy
Fracking has once again made the United States an energy exporter—but at what cost?
For the first time in decades the United States is approaching a level of energy independence considered impossible just a few years ago. The oil and natural gas “fracking” boom, coupled with an unusually warm winter and an Asian economic slowdown that has slaked the global thirst for oil, has translated into plunging oil prices. That means U.S. consumers have enjoyed home heating and gasoline prices at levels most thought they would never see again.