Parkinson, G. (2014, November 19). Why US fracking is biggest red herring in history of oil. Retrieved on November 23, 2014 from http://reneweconomy.com.au/2014/why-us-fracking-is-biggest-red-herring-in-history-of-oil-86979.

Jeremy Grantham, an investigator from Boston, has published his new findings on the impact fracking has on the economy. He says that there is little being done about the leaking of methane, and that methane is over 86 times more potent than a greenhouse gas. Grantham further states that the extraction of oil and natural gas has done very little to improve the economy in the US. The amount of oil produced by the US is minimal in comparison to Middle Eastern countries.

Many of the areas in the US that are being drilled for oil and natural gas are usually not in production very long. The average time spent drilling one area for oil is about two and a half years. All this planning and preparation is being wasted on an energy source that is going out of style, as America begins to lean toward solar energy and alternate energy sources in the future.