smokingjacket
Premiership Player
- Mar 30, 2014
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Because energy independence is a first tier security concern. The last labour govt disregarded it and now the tories are having to suck up to the Chinese to build very expensive nuclear power plants (not to mention seeing the steel industry crippled)
Obama mightn't give a stuff about big oil but what about blue collar unions? Shale gas have given the US a big cost advantage and protected a huge number of union jobs.
Yeah this is purely oil though. As you say natural gas fracking is still going well to power the steel industry and manufacturing. There's no way that shale oil would have the same effect until it became much cheaper.
Obama has said it himself a number of times, one of the main planks of his energy independence strategy is reduced energy use through efficiency standards and on the other side substitution through renewables and electric cars. Fracking is part of the mix.