America Has An Energy Boom, Now What?
From CNN Money
By Steve Hargreaves
America’s energy production is booming. What we should do about it is one of Washington’s most divisive issues.
Since 2006, the country’s natural gas production has surged 30%. Oil production is up 33%. The country is on track to surpass Saudi Arabia as the world’s leading oil producer by 2020.
Champions of this boom point to the hundreds of thousands of jobs it has created and its significant contribution to reducing the country’s reliance on foreign oil.
Critics counter that with those gains come real threats to the nation’s environment, particularly its water supply. They also worry that this new-found abundance will foster a greater reliance on fossil fuels and a dangerous inattention to global warming.
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