Fracking helps save the planet

Ronald Bailey over Reason’s Hit&Run:

President Obama committed after the United Nations Climate Change conference in Copenhagen in 2009 that the United States will cut its greenhouse gas emissions by 17 percent below their 2005 peak by 2020. In fact, thanks to the recession and the replacement of coal power generation with the flood of cheap natural gas released by fracking, U.S. carbon dioxide emissions are already about 9 percent lower than they were in 2005.

So, you have two ways you can save the planet. One, let the free market develop innovative new technologies that reduce emissions. Or two, use government to strangle economic development until everyone is so poor that energy usage begins to drop. Save the planet while improving living standards, or save the planet by worsening living standards?

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