Sometimes reality comes at you hard.
Governor-elect Josh Shapiro announced he is ready to restrict fracking and energy development in Pennsylvania following his win on Tuesday.
According to Jeff Flock on FOX Business Network, Shapiro is going to crack down on the state’s vibrant energy sector.
As Attorney General in the state, Shapiro investigated fracking companies in the state which resulted in charges against a couple of drilling companies.
Shapiro now says he supports the recommendations from the state’s investigation that includes:
** Expand “no-drill” permits making if more difficult to produce natural gas
** Disclose fracking chemicals so companies can be targeted with lawsuits
** Regulate smaller oil and gas pipeline
According to Jeff Flock there are 500,000 jobs in Pennsylvania linked to the oil sector producing $800 billion to the economy. (That number seems a high)
The U.S. fracking revolution has caused natural gas prices to drop 47 percent compared to what the price would have been prior to the fracking revolution in 2013.
A 2020 study found that a fracking ban would increase annual household energy costs by over $600 per year.