Frac’ing has become a cornerstone of U.S. energy security, transforming the nation from a net importer of oil to the world’s largest oil and gas producer. Therefore we should not explore the possibility of banning frac’ing, as it is profoundly linked domestic energy markets and global geopolitical dynamics. To fully appreciate its significance, we need to delve into the numbers and analyze what a ban would truly mean for the U.S. economy, energy independence, and international standing.
Hydraulic fracturing and horizontal drilling—collectively known as fracking—have unlocked vast reserves of oil and natural gas that were once considered inaccessible. Today, more than 70% of U.S. oil and over 80% of its natural gas are produced through this technology boom, U.S. oil production hovered at just 5 million barrels per day (b/d) in 2008. Fast forward to 2023, and production exceeds 12.8 million b/d , with the U.S. pearly 20 million barrels per day when natural gas liquids are included.
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