Shale Insulation

The last several months have brought an endless stream of bad news from all parts of the globe. Americans have been shocked and saddened by accounts of violence and destruction that have resulted from ongoing conflicts in Europe, Africa, and the Middle East.
 
While Americans have been aghast at the horrible situations unfolding in these global hotspots, most of us have not considered the larger factors that kept our economy healthy during these troubled times. The USA Today editorial board recently posited that our insulation from these events is due, in part, to the energy revolution that is taking place in our own country. 

According to the editorial ("How fracking insulates USA: Our view"), the lack of turmoil experienced in the United States demonstrates "what a boon fracking has been, bolstering the U.S. economy while insulating it from the unpleasantness abroad." 

"Iraq, Libya and Syria are in turmoil. Russia, the world's largest exporter of natural gas and the second largest exporter of oil, is bullying Ukraine and by extension Western Europe. And Iran's nuclear program may yet provoke a market-roiling conflict." Despite this laundry list of global crises, "U.S. gasoline prices have been stable, even falling. The domestic economy is picking up steam. And the stock market has hit all-time highs." 
 
The editorial board argues that it is "nearly impossible to overstate what a positive development" new shale energy production techniques have been for our nation’s economic vitality. These safe and affordable energy resources are encouraging our economic recovery and attracting global investment.
 
We live in a connected global world and the United States will never be able to ignore the problems impacting other nations, but the shale energy revolution is allowing the United States to "address these issues on (our) own terms” with strength and purpose.
 
Those who oppose shale energy production based on activist hype and hysteria should take a sober look at the benefits that are resulting from our responsible production of these energy resources. 

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