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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Hillary Clinton's Support Of Fracking Spelt Doom for Nigeria (515 Views)
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Hillary Clinton's Support Of Fracking Spelt Doom for Nigeria by CrunchTimez: 9:30am On Aug 26, 2016 |
Hillary Clinton's support of fracking - a technique in which rock is fractured by pressurised liquid in the deep rock formation to enhance the free flow of petroleum - and other trade policies have become leverage of a backlash by the Republicans. Sen. Bernie Sanders, in an interview with NBC's "Meet the Press", stated that Mrs Clinton's votes in favour of "virtually" every trade agreement had cost most Americans millions of jobs. He also stated that Clinton's continued support of fracking despite its environmental implications meant that she would emerge the kind of president Americans never wanted. Sanders was of the view that 'hydraulic fracturing' pollutes fresh water and the environment in its entirety. Although his claim may be a subject of debate especially in view of the relative gains of fracking compared with the inherent environmental hazards. Contrary to Mr Sanders' perception, Catherine Hausman and Ryan Kellog disclosed in their research work "Welfare and Distributional Implications of Shale Gas", that shale oil fracking increased US oil production by 50 percent from 2007 to 2013 which was enabled by same technological improvements driving the natural gas boom. "Oil price fell dramatically in 2014: from around $100 per barrel in Q1 and Q2 to around $50 per barrel by the start of 2015", the scholars stated. Meanwhile, the fracking revolution policy backed by Hillary Clinton dealt a devastating blow to the Nigerian economy given that the "world oil market is largely integrated" and oil exports remained the backbone of Nigerian economy... Read More Here : www.crunchtimez.com/post/163/How-Hillary-Clintons-Support-of-Fracking-Revolution-Spelt-Doom-for-the-Nigerian-Economy
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Re: Hillary Clinton's Support Of Fracking Spelt Doom for Nigeria by stanogb(m): 9:37am On Aug 26, 2016 |
Op Good Job...You just posted trash. 2 Likes |
Re: Hillary Clinton's Support Of Fracking Spelt Doom for Nigeria by Nobody: 9:42am On Aug 26, 2016 |
I was even wondering if he just posted this from a textbook or some thing.. |
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