The good news: Cheap gas prices are good for a lot of families budgets this holiday season. The bad news: The cheap gas prices are the result of #fracking, which is destroying the planet. “This time, the innovation is fracking,” said Philip Verleger, president of an energy consulting firm and former director of the Office of Energy Policy in the Treasury Department. “The sudden surge in U.S. oil production has profoundly changed the dynamics of the markets. The oil exporters have lost a third of the market they thought they’d have in 2014.”
Posted on: Mon, 08 Dec 2014 16:35:24 +0000
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