, 13 tweets, 3 min read
My Authors
Read all threads
Further evidence Democrats aim not to reduce CO2 emissions, but to hijack climate change rhetoric to further their own preexisting agenda. Natural gas burns cleaner than oil, and Democrats are against it.
1. Elizabeth Warren, American Prosperity Slayer Queen

“Fracking” is the popular term used to describe hydraulic fracturing, a stunning 20th-century innovation whereby underground rock is cracked with pressurized liquid, allowing for oil and gas to more easily flow through it.
2. "Unquantifiable volumes of oil and gas previously believed to be inaccessible underground have now been produced in the shale revolution, all thanks to the fracking process that Elizabeth Warren is swearing she will ban."
3. "And let’s be clear: She is not swearing she’ll ban fracking merely on federal land (something President Obama advocated); she has called for a comprehensive ban on all fracking activity (something that would have been unthinkable even to the left-wing Obama administration)."
4. "And it was unthinkable for good reason — the eight years President Obama was in office were marred by high unemployment coming out of a brutal recession, followed by the most tepid economic recovery in American post-war history."
5. "And yet, 4.3 million of 9.3 million jobs created during those years were directly or indirectly created as a result of the fracking revolution."
6. "The idea that America’s oil-and-gas sector was responsible for 46 percent of the underwhelming job creation throughout Obama’s two terms must give cardiac arrest to those contemplating the idea of going without it."
7. "And it is not just the sheer number of jobs fracking created, but the quality of the jobs that must be understood. In a period where wages had stagnated, jobs in oil and gas extraction paid 76 percent above the national average ($44 per hour vs. $25 per hour on average)."
8. Jobs matter. Wages matter. And what people pay for things matters. Increases in the cost of things that members of the middle class buy has the same effect as a wage cut, especially when that thing is not something someone can buy less of (i.e., what he uses to heat his home).
9. So beyond the gravity of the job numbers, the wage figures, and the more abstract GDP growth, consider what the fracking revolution has done to the cost of natural gas.
10. "The economic impact of undoing the great progress fracking has generated economically would be a direct assault on the quality of life of millions of middle-class people in our country."
11. Even "the left-leaning Brookings Institution concluded that middle-class families were benefiting by $432 per year in direct savings from the fracking revolution, and $75 billion per year in aggregate."
12. "The economic toll of reversing this would be unspeakable and should be reason enough for any sensible person to eliminate the idea from policy consideration." But not Elizabeth Warren. She is just getting started.

The End
Missing some Tweet in this thread? You can try to force a refresh.

Enjoying this thread?

Keep Current with Bansi Sharma

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!