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25.01.2012 13:18
Obama Backs Up Fracking for Stable Economy
US President Obama stated that shale gas drilling could create more than 600,000 jobs by the end of the decade
AUTHOR: publics.bg


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President Barack Obama pushed drilling for gas in shale rock and support for cleaner energy sources to boost the economy in his final State of the Union address before facing U.S. voters in November.
 
Hydraulic fracturing, the process of injecting water, sand and chemicals underground to free gas trapped in rock, could create more than 600,000 jobs by the end of the decade, Obama said yesterday. The process, called fracking, is among a list of energy policies Obama said would fuel economic growth.
 
“We have a supply of natural gas that can last America nearly 100 years, and my administration will take every possible action to safely develop this energy,” Obama said, as quoted by Bloomberg.
 
Obama reiterated support for conservation and cleaner sources of power and pledged more oil drilling as part of an ‘all-out, all-of-the-above’’ policy “that’s cleaner, cheaper, and full of new jobs.” He said domestic energy production is at an eight-year high and imports of foreign oil were declining, prompting criticism from Republicans.

TAGS: Obama | USA | America | shale gas | drilling | fracking | energy | oil 


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