Good News That You Aren’t Hearing About

Dave Killion — December 12, 2012

If you follow the libertarian news media, you have probably already heard about this

 “In a welcome development almost no one saw coming, America’s greenhouse gas emissions have fallen to 1992 levels and are expected to continue to decline, according to the U.S. Energy Information Agency (EIA)”…. “In addition to a sluggish economy and more fuel efficient cars, “fracking” has been a big driver of this trend. “Fracking” is shorthand for hydraulic fracturing, the process of extracting natural gas from shale rock. The EIA projects U.S. greenhouse emissions will fall below 2005 levels by 2040″….”The boom in domestic natural gas production has really been the biggest macro economic development of 2012 — even if the election, the fiscal cliff and various other concerns have overshadowed it.”

The U.S. was the only advanced nation not to  sign on to the Kyoto Protocol, and yet while other nations (such as Canada) have either dropped out of the Protocol or admitted that they will not meet its objectives, the U.S. will match those targets without having resorted to destructive taxes or cap-and-trade schemes.

This is a remarkable achievement, yet the media have been largely silent on the matter. There is no doubt in my mind that if the U.S. was a Kyoto Protocol signatory, and emissions were at the levels they are now, politicians (and their journalist lackeys) would be bringing the topic up at every opportunity.

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