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The Department of Energy published data last week with some amazing revelations — so amazing that most Americans will find them hard to believe. As a nation, the United States reduced its carbon emissions by 2 percent from last year. Over the past 14 years our carbon emissions are down more than 10 percent. On a per unit of GDP basis, U.S. carbon emissions are down by closer to 20 percent.
Even more stunning: we’ve reduced our carbon emissions more than virtually any other nation in the world, including most of Europe.
How can this be? We never ratified the Kyoto Treaty. We never adopted a cap and trade system, or a carbon tax as so many of the sanctimonious Europeans have done.
The answer isn’t that the EPA has regulated CO2 out of the economy. The EPA surely has started to strangle our domestic industries like coal and our electric utilities with strict emission standards. But that’s not the big story here.
The primary reason carbon emissions are falling is because of hydraulic fracturing — or fracking. Now readers are probably thinking I’ve been drinking or have lost my mind. Fracking technology for shale oil and gas drilling is supposed to be evil. Some states have outlawed it. Hillary Clinton and Bernie Sanders have come out against it in recent weeks. School children have been bombarded with green propaganda about all the catastrophic consequences of fracking.