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Domestic gas production has helped economy recover

Chico Enterprise Record | November 17, 2014 | by Ralph Whitcher

But since 2008 the U.S. has increased our domestic supply by a gigantic 50 percent. This is a result of the astounding shale oil and gas revolution made possible by made-in-America technologies like hydraulic fracturing and horizontal drilling. Already, thanks to these inventions, the U.S. has become the number one producer of natural gas. But oil production in states like Oklahoma, Texas, and North Dakota has doubled in just six years. Without this energy blitz the U.S. economy would barely have recovered from the recession of 2008-09. Read more here.

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In Case You Missed It: San Jose Mercury News editorial -- Fracking limits should be based on science not ballots

November 13, 2014

For the second time within a month, the San Jose Mercury News editorial board has voiced its opposition to local energy bans and reaffirmed its support for letting science guide policy decisions for energy production.

“In the wake of ballot fights this fall and more expected, Californians need reassurance that the state is scientifically evaluating the safety and environmental impact of hydraulic fracturing and will increase its already strictest-in-the-nation regulations if needed when the facts are clear.”

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Chemicals used in fracking deemed harmless, study shows

Washington Times | November 13, 2014 | by Valerie Richardson

A major class of fracking fluid is no more toxic than chemicals found in a typical household, according to a newly released University of Colorado study. The first-of-its-kind research showed that surfactants, which are used in hydraulic fracturing in five states to reduce surface tension between water and oil, also appear in everyday items such as toothpaste, laxatives, laundry detergent and ice cream. Read more here.

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Hydraulic Fracturing Pays Off In Huge Consumer Savings

Investor's Business Daily | November 13, 2014 | by The Editorial Board

According to the Institute for Energy Research (IER), hydraulic fracturing and horizontal drilling "saved consumers between $63 billion and $248 billion in 2013." Going back further, those techniques "applied to shale oil formations saved consumers" cumulatively at least $165 billion and maybe as much as $624 billion from 2008 to 2013. "Without these technologies, international crude oil prices would have averaged $122 to $150 per barrel — $12 to $40 a barrel more or between $0.29 and $0.94 per gallon more on gasoline and other refined products," says a Nov. 6 IER analysis. Read more here.

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Report: Fracking Keep Small Businesses Afloat In Tough Times

Barbwire | November 13, 2014 | by Barbwire

A study by the Small Business & Entrepreneurship Council found that “increased [natural gas] production has been good news for the energy sector, including for employment and business growth (especially small and midsize businesses), especially in those states where natural gas production has expanded.”  ..."One of the most profound effects of the shale gas boom has been to revitalize small manufacturers in the country. Firms making oil and gas field machinery as well as equipment manufacturing businesses grew by 8.5 percent among firms with less than 20 workers and 14.7 percent among firms with less than 500 workers.” Read more here.

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Gas Under $3 A Gallon Likely In ’15

UT San Diego | November 13, 2014 | by ASSOCIATED PRESS & BLOOMBERG NEWS

Horizontal drilling and hydraulic fracturing, or fracking, have unlocked supplies in shale formations in North Dakota, Texas and other states. The increase in global production and slower demand growth have pushed oil prices down. The agency predicted in its most recent short-term energy outlook that drivers will pay $2.94 per gallon on average in 2015, 45 cents lower than this year. Based on expected gasoline consumption, that’s a savings of $60.9 billion. Economists say lower gasoline prices act like a tax cut, leaving more money for consumers to spend on other things. Read more here.

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Study: Many common chemicals found in fracking fluid

USA Today | November 12, 2014 | by Trevor Hughes

Fracking fluid used to help boost oil well production contains many of the same chemicals found in toothpaste, laundry detergent and laxatives, a new study says. ...But fracking has also unlocked vast reserves of American oil and gas, helping bring energy independence and drive down the cost of gasoline. Read more here.

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Fracking limits should be based on science not ballots

San Jose Mercury News | November 12, 2014 | by The Editorial Board

In the meantime, California counties and cities should chill -- and so should oil companies poised to take San Benito and Mendocino to court over their new bans. The results of the EIR could change everything on the state level. Why waste more money, public or private, on fights that could be moot? Read more here.

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LA planning officials recommend no moratorium on fracking 'at this time'

KPPC 89.3 Southern CA Public Radio | December 12, 2014 | by Molly Peterson

Efforts to prohibit hydraulic fracturing and other oil extraction techniques in Los Angeles have hit a road block in the city’s Planning Department. In a new report, city planners recommend that LA not pursue the moratorium approved by the city council eight months ago. Read more here.

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Cheaper oil's winners and losers

Los Angeles Times | November 10, 2014 | by ROBERT A. MANNING

Here at home, the news, other than for shale investors, is mostly good. Americans will see an immediate benefit, with gasoline at $3 a gallon or less, a boon not just for drivers but also for the businesses that serve them. Lower prices are likely to spur both consumer spending and the overall U.S. economy. The oil crisis of the 1970s brought long lines at U.S. gas stations and high prices. Today we have a new oil crisis, but its negative effects are primarily being felt in other parts of the world. This time, the U.S. is largely a winner,...

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Californians for Energy Independence is a coalition that supports state and local policies that allow for continued domestic energy production and opposes those policies – such as oil taxes and energy bans—that would hinder production and increase reliance on foreign oil.


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