The Fraking industry should have our gratitude

Context:

World oil prices in 2008 had spiked to more than $100 per barrel of crude.

In 2012, when gas prices were hitting $4 a gallon in some areas, a certain administration admonished the country stating that we “can’t just drill our way to lower gas prices.” It is my opinion that this was flat out wrong. I say “drill, baby, drill.”

Here’s why

Frackers have refined their skills on private properties all over this country, finding less expensive, more efficient ways to extract huge amounts of crude oil and natural gas from shale rock.

In 2017, America is reaching 10 million barrels of crude-oil production per day, the highest level in the nation’s history. The U.S. may soon surpass Saudi Arabia as the world’s largest petroleum producer. “ Can you dig energy independence...pun intended”

Savings:

From 2014 to 2016, fracking helped cut the price of gasoline by $1.50 a gallon, saving American drivers an average of more than $1,000 per year.

Fracking has created a national savings of about 5 million barrels of imported oil per day over the last decade. That translates to roughly $100 billion in annual savings by avoiding foreign oil.