November 2015

Thank God The Government Invented Fracking!

Not too long ago the New York Times published an article asking if the shale oil revolution had killed OPEC. It included assertions that it was funding by the US government that caused the fracking revolution, an assertion based on an older article from the notoriously pro-big government Breakthrough Institute. Not to miss out on a good fabrication, Barack Obama has often claimed responsibility for lower energy costs due to the explosion in US natural gas and oil production, a trend that has elevated America to the #1 slot in world oil production. In fact, part of the political calculation that allowed him to block the Keystone oil pipeline, which was to carry Canadian oil from tar-sands to American Gulf refineries, was that we do not need the energy. But is this true? Is government responsible for one of the few economic bright spots in the recent US economy?

Will anything meaningful come out of the 2015 United Nations Climate Change Conference in Paris?