Why is fracking such a big deal?
Fracking allows us to extract hydrocarbons from much denser rock (like shale) than traditional wells. Now that the process is affordable, it gives us access to huge, previously unattainable, reserves and makes us far less dependent on foreign oil. You can thank fracking, in part, for the recent drop in gas prices. They are project to drop another 23% this year and, “According to a Bankrate analysis of government petroleum statistics, each American driver stands to save about $452 on gasoline in 2015. All told, the lower prices could pump more than $100 billion into the American economy over the course of the year.” That’s a big deal!