Hydraulic Fracturing FAQs
Won't fracking bring us energy independence?
No. The idea that fracking is the key to American energy independence is a myth. We don't use natural gas to power cars, and we don't use oil to generate electricity.
Also, much of the gas fracked in the U.S. might end up overseas. This reality is dictated by basic economics: gas will flow to the highest bidder. Currently, gas in Europe costs about 3 times more per unit than it does in the U.S. Prices in Asia are even higher. These realities are leading to an explosion of permitting requests for the construction of Liquefied Natural Gas (LNG) terminals on our coasts for the purpose of transporting gas overseas.
Once gas starts to flow overseas, moreover, it is only a matter of time before gas prices rise in the U.S. Eventually gas prices will be dictated by the world market - like oil - and no amount of domestic gas supply will be able to influence this reality. (Meanwhile the energy it takes to liquify natural gas, and the additional leakage of methane during processing and transport of LNG, further erode any possible climate advantage).