U.S. Energy Insecurity: Why Fracking for Oil and Natural Gas Is a False Solution

Promoters of modern drilling and fracking celebrate the industry’s newfound ability to extract oil and natural gas from shale and other tight rock formations, calling it an energy “revolution,” a “paradigm-shifter,” a “rebirth” and a “game changer.” One recent report claims that North America might soon become “the new Middle East,” a net exporter of oil and natural gas. In April 2012, ConocoPhillips’s CEO at the time called shale gas a “blessing.” But for whom is it really a blessing?