In Case You Missed It: U-T San Diego editorial says Energy Independence is Driving U.S. Economic Rebound

In Case You Missed It: U-T San Diego editorial says Energy Independence is Driving U.S. Economic Rebound

December 29, 2014

Over the weekend, U-T San Diego’s editorial board wrote about how hydraulic fracturing is helping the nation’s economy recover with middle class job creation. The paper wrote:

“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.”

The paper also cautioned that energy bans would slow California’s economic growth:

“…it’s tough to be optimistic that the state’s scheduled July 1, 2015, implementation of tough new rules governing fracking will have the hoped-for effect of triggering a new Golden State oil boom in the Monterey Shale, a vast formation under much of the Central Valley.

Too bad. An oil boom means a middle-class jobs boom. California could sure use one of those.”

To read this editorial in its entirety, visit: http://www.utsandiego.com/news/2014/dec/27/driving-us-rebound-the-fracking-loathed-by/

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