The People of America's Oil and Natural Gas Indusry

Shale Energy Benefits U.S., the World

Mary Leshper

Mary Schaper
Posted April 1, 2015

A World Remade by Fracking

 

Wall Street Journal (Holman W. Jenkins Jr.): If not for fracking, oil would probably be $200 a barrel and gasoline $6.50 in the U.S.

 

Western economies would likely be in free fall. The grudging U.S. recovery would be in retreat. The modest and possibly illusory green shoots seen in Europe, largely a function of cheap oil and a strong dollar, would wither. Japan would be even more of a write-off than it already is.

 

Russia would be even more emboldened in its geopolitical predations. Vladimir Putin would be raking in vaster bucks, rather than vastly diminished bucks, for his oil. Europe and the U.S., feeling broke and bedraggled, would be even less eager for confrontation.

 

Read more: http://on.wsj.com/1xYC44r

 

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ABOUT THE AUTHOR

Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.