Fracking of Natural Gas & Oil : States' New Freedoms

This, I believe, is one of the reasons why Mr. Obama wants to kill all fossil fuel development, that is, it's imperative that America remain in debt to others and that we continue to support the middle eastern oil and gas tyrants. 

Mr. Obama believes this will be a good way to restrain America's prosperity which is the cause of most other countries envy us, which in turn Mr. Obama finds deplorable. America is the problem.

It's Mr. Obama's agenda to stop America's image as a bastion of freedom and  it is his agenda to "fundamentally" change it to one of dependence and poverty to show the world we are sorry for past sins of self greed and aggression.

Allowing fracking to move forward would, in itself, prove rewarding for states that are in need of income and jobs, the XL pipeline as well, must be stopped, according to progressives, as it will bring prosperity and new wealth to the country. Not a good thing.

This, according to the progressive socialists liberal Democrats, will be bad for the environment and bad for our image as a nation. Fracking will pollute our land and the new wealth, for individuals, will only spur others to seek individual freedom, which in turn denies socialist liberalism it's rightful place as the new norm. Individual must understand that they don't have the ability to make critical decisions effecting their personals lives as well as the collective intelligence found in the elites in Washington.

America must become a nation of dependents willing to subject themselves to living in a world dominated by individuals that know what's best for them. Anything other then acceptance of external control of your life is seen by progressive socialists as revolutionary and a threat to the state.

To believe you have a God given right to individual freedom makes you an enemy and the threat to their existence.

Fracking Could Reduce Budget Deficit
March 11, 2013
Sources: Bob McTeer, "How Fracking Can Reduce the Budget Deficit," Forbes, March 4, 2013. Nicolas Loris, "U.S. Natural Gas Exports: Lift Restrictions and Empower the States," Heritage Foundation, February 11, 2013

Stimulating the economy will drive tax revenues and reduce the budget. One way to stimulate the economy is to encourage hydraulic fracturing ("fracking"). Increasing natural gas production would shrink our trade deficit and reduce the budget deficit, says Bob McTeer, a distinguished fellow at the National Center for Policy Analysis.

• A reduction in U.S. demand for energy imports would reduce the net capital inflow required to finance the trade deficit.
• A reduction in capital inflow will reduce the gaps between domestic investment and saving and government expenditures and tax revenues.
• By reducing the gap between government and tax revenues, the deficit could be reduced.

These effects hinge on the fact that the sum of the budget deficit, the capital inflow to finance the trade deficit and the difference between domestic saving and domestic investment always equals zero. If any one of these inputs shrinks or expands, the other inputs will shrink or expand to maintain the net zero balance.

• Because income minus consumption gives us both total saving and total investment, we know that total saving must equal total investment.
• The largess of negative government saving drowns out personal saving and business saving, which creates negative national saving.
• Because we invest more than we save domestically, the imbalance between investment and savings is balanced by capital inflow from foreign savings, which finances the trade deficit.

This means that reducing the trade deficit will reduce the capital America imports to finance that trade deficit, which will put pressure on investment relative to saving and government saving relative to taxing. To correct for the extra pressure on investment and government saving, the deficit will likely get smaller.

• The Council on Foreign Relations estimates that U.S. gains from trade would total $4 billion annually.
• America is set to become a net natural gas exporter by 2020 and virtually self-sufficient in energy by 2035.

These trends suggest that encouraging fracking would create a surplus of liquid natural gas that would lower the deficit.
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