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Fracking is also better for carbon emissions and helped price out coal, which is a huge environmental benefit. Nothing is black and white
by vikramkr 7y ago
Fracking is also better for carbon emissions and helped price out coal, which is a huge environmental benefit. Nothing is black and white
- chiefalchemist 7y agoYes and no - but perhaps mostly no. Let me explain, please. Coal was a fraction of market share. It was on its way out regardless. However, a lower oil price increases consumption across the board. Thus it wouldn't take much increase for oil's aggregate pollution to exceed oil + coal. Yes maybe on a per kilowatt basis oil is better than coal. But given the usage of oil, that is the scale, the price drop triggered increases in consumption could in fact cover and then exceed the gain from less coal.