"In effect, the shale gas boom is acting like a tax cut, putting more money back in families’ wallets. The Council of Economic Advisers recently found that the shale boom saves U.S. consumers nearly $203 billion annually—about $2,500 for a family of four."
"A fracking ban would also have adverse effects on the environment. Policies that needlessly restrict energy supplies in the U.S. won’t stop consumers from using oil or natural gas, whether in the U.S. or elsewhere. Instead, production will merely shift to places where the environmental standards aren’t as rigorous. Any decision to significantly curtail America’s energy output will be a gift to Russia, Saudi Arabia, and the rest of OPEC."