What if we'd just "left it in the ground?" The U.S. would be short 4.3 million jobs and over half-a-trillion dollars in annual GDP. Electricity prices would be 31% higher, we'd all be paying 43% more at the pump, carbon dioxide emissions would be 23% higher and we'd be importing 160% more oil. That's just to start.
Despite the negativity many associate with fracking, it has had a positive impact on mortgage defaults in areas where fracking occurred, according to research by a Clemson University finance professor.
If we are to solve the problem of New Hampshire's rising energy costs, then we need an honest discussion of the inherent rewards in modernizing our energy infrastructure - versus the guaranteed risks of doing nothing.
To those of you that sell oil, coal, and natural gas: keep swinging. You sell the energy sources that constitute 85% of the world's energy... a world that is increasingly richer, healthier, and longer living.