Happy birthday hydraulic fracking and you are welcome America.
Fracking is credited with unleashing a beast in the stagnant manufacturing sector, and led to a surge in activity in shale production hotbeds such as North Dakota and Pennsylvania. It is also credited with creating millions of direct and indirect jobs across the country.
Thanks to fracking, we can produce more energy, with a smaller environmental footprint—changing America’s energy trajectory from scarcity to abundance. This is really a birthday worth celebrating.
The oil and natural gas industry contributes significantly to the U.S. economy as one of the nation’s largest employers and purchasers of goods. Even in a struggling economy, America’s oil and natural gas companies continue to provide well-paying jobs, revenue to governments and investment growth for millions of Americans—totaling an economic contribution that challenges Washington’s idea of stimulus. Thank you Fracking.