Author Gregory Zuckerman: Fracking Key to US Energy Security

Wednesday, 06 Nov 2013 07:28 PM

By Cathy Burke

  Comment  |
   Contact Us  |
|  A   A  
  Copy Shortlink
Hydraulic fracturing is the world's fastest-growing energy producer and is speeding the United States toward energy security, author and Wall Street Journal writer Gregory Zuckerman said Wednesday.

Yet big oil companies were resistant to taking the lead, Zuckerman told "The Steve Malzberg Show" on Newsmax TV.

Story continues below video.

"The Exxons of the world should have done this, Chevron should have done this," said Zuckerman, whose book "The Frackers" describes how the drilling process to free oil and gas from shale created an energy revolution.

"The conventional wisdom of all the geologists and the engineers was, 'Don't waste your time with it.’ . . . Instead, it was from some sort of mid-tier kind of guys . . . and they figured out how to get all this oil and gas, and it's bringing us towards energy — if not independence, then energy security."

Zuckerman said the United States produces about 8 million barrels a day now, up dramatically from the 5 million barrels in 2005.

"Last year was a record year for production," he said. "To think we were running out just a few years ago . . . Now we're going to be exporting natural gas. It's a dramatic change. It's changing geopolitics."

Zuckerman said fracking has been going on for years

"Finally, some sort of unusual and unexpected guys figured it out, and it's changed our country and the world," he said, adding that the worries of politicians and the Environmental Protection Agency are being addressed.

"In some ways this is just sort of happening despite the politicians," he said. "There were always these concerns that maybe the EPA would crack down on fracking. They really haven't. They've said, ‘Let's take a look at it,’ and they have a long-term study coming out next year."

Still, he acknowledges that mistakes have been made – but exaggerated.

"The energy folks say, 'We've never done anything wrong, don't blame us. The environmental guys are exaggerating it,'" he noted. "And they do spill, and they make mistakes left and right. Fracking can be done properly but often it isn't.

"And the environmentalists say, 'Fracking poisons.' They're overstating their argument, too. There are mistakes that are made. We need to do fewer of them. But fracking can be done properly."

See the “Steve Malzberg Show” on Newsmax TV each weekday live by clicking here now.


See the Steve Malzberg Show on Newsmax TV each weekday live by Clicking Here Now

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact Us  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

MSNBC's Lawrence O'Donnell Taking Extended Leave after Taxi Accident

Tuesday, 15 Apr 2014 06:56 AM

Cable news commentator Lawrence O'Donnell is taking a leave of several weeks from his job as host of the MSNBC program  . . .

Chairman of NJ Panel on Lane Closings Defends Role

Sunday, 02 Feb 2014 11:39 AM

The chairman of a New Jersey legislative committee looking into the role Gov. Chris Christie's administration played in  . . .

Democrat O’Malley's 'Better Off' Gaffe Explodes into GOP Talking Point

Monday, 03 Sep 2012 15:18 PM

Maryland Governor Martin O Malley sought today to clarify his remarks after Republicans seized on his answer to a questi . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved