Driving U.S. rebound: the fracking loathed by liberals

Driving U.S. rebound: the fracking loathed by liberals

UT San Diego | December 27, 2014 | by The Editorial Board

For starters, embracing the phenomenon that economists say is more responsible for the U.S. rebound than any other factor: the fracking revolution. The 70-year-old technique of using underground water cannons to free up energy supplies has gotten far more efficient in recent years. This has sharply increased U.S. oil and natural gas production, driving down the cost of energy to the point where U.S. manufacturing is making a huge comeback just a few years after it was left for dead. Given that energy production and manufacturing are two prime sources of middle-class jobs that don’t require college degrees, this is tremendous news.

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