Trends in U.S. energy production that could lead to an energy independent United States. He shared one chart showing U.S. energy production`s projected growth to be higher than all other nations in just eight years. This growth is due mostly to the development of natural gas production, through hydrofracking, in Texas over the last decade an a half. It is clear from Faber`s talk that legalizing hydrofracking in other states, like New York, could boost American energy production to the point where American produce as much energy as they consume.
This adds to the list of positive results of hydracking. Producing natural gas could lead not only to more jobs nationwide, but American energy independence that would have a huge impact on the economy all the way foreign policy. Of course, environmental safety and potential water contamination remains a large concern and is the central point of argument against hydrofracking legislation. Currently, the issue is still under debate in New York State.
Additional hydrofracking updates in NYS and countrywide.
Hydrofracking continues to a hot top across the nation. Various rallies have been held over past months including a celebrity rally that just took place in Denver, Colorado. In New York State, a massive event, Songs Against Drilling, took place fighting against the legalization of hydrofracking in the state.
Additionally, there is a proposal to build a pipeline to carry natural gas from New York State to Pennsylvania. In Pennsylvania, hydrofracking is currently legal. However, there too the issue is being debated with 14 environmental groups recently asking the state
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