What are the economic and political ramifications of the fracking boom?

[Starbucks Union Thug HokeyPuck]

Of course, bogged down in endless details like a lot of the threads on here. 

What is the economic impact of fracking?  Just another long delay from the United States actually using what I would like to call "nuclear-squared".

A. Nuclear power, which we were scared away from in the 1980s.

B. The giant nuclear generator in the sky we sometimes refer to as "the Sun". 

It fits in with American economic policy perfectly.  A nice little short-term boom... with prices dropping for a little while so Americans can go buy more crap... followed by a long series of periodic depressions spurned on by our same dependence on gooks and gases that emerge from the ground.  Of course, this is what the gas companies want.  So it's what they'll get. 

So what are the economic and political references of the fracking boom? 

[Starbucks Union Thug HokeyPuck]

It fits in with American economic policy perfectly.  A nice little short-term boom... with prices dropping for a little while so Americans can go buy more crap... followed by a long series of periodic depressions spurned on by our same dependence on gooks and gases that emerge from the ground.  Of course, this is what the gas companies want.

Nat gas producers are not the villains here in regards to prices to consumers.  They are not living high on the hog.  People have gone crazy with fracking and dropped the floor out from under the price of domestic Nat gas.  This is not the same as soaring gas prices, record profits at big oil companies, and demanding subsidies from the tax payer.

These guys are creating good paying domestic jobs and producing cheap energy for domestic consumption.

What's wrong with this graph?



I like it.

This is a CAPITALIST country, oh proud and valiant savior of Hyrule... you expect THAT to stay the same?