This week, the Institute for 21st Century Energy at the U.S. Chamber of Commerce released the fourth report in its Energy Accountability Series.
The report is entitled, "What If…Hydraulic Fracturing Was Banned?"
Few advents have had more impact on this country in the last century than the energy revolution. From the creation of millions of jobs, to huge reductions in gasoline and electricity costs, to spawning a manufacturing renaissance, to giving the United States stronger footing on the geopolitical stage, our energy revolution has reshaped America. All of this change can be attributed to the high tech innovations and industriousness of American engineers and geologists.
However, we've seen far too many politicians recently bowing to their special interest supporters in the extreme environmental movement and calling for a ban on hydraulic fracturing, the technology at the center of our renaissance. We take these proposals seriously, even if the media has not. It's important for voters to know politicians are actively promising a ban on fracking and what the implications would be for the country.
In short: We are modeling the economic consequences of banning fracking starting in 2017 and through 2020.
As with the first three reports, there are national numbers and state specific information for Colorado.