Frackers already contaminate America's groundwater, make people sick, produce radioactive waste, and contribute to earthquakes. Processing and moving the natural gas that they produce leads to nasty spills and deadly explosions. And cheap natural gas makes it harder for renewable energy to compete.
But, hey, at least almost all of that cheap fuel is being used by Americans in America, right?
That may not continue to be the case. The Obama administration is poised to rule on a slew of applications to export natural gas to other countries through hulking industrial terminals dotted along U.S. coasts. Over the weekend, Obama appeared to reveal his hand on the issue, forecasting that the U.S. would likely become a net gas exporter by 2020, reports The Financial Times.
According to the newspaper, administration officials fear that a restriction on natural gas exports, as is being sought by American environmentalists and manufacturers, would send a bad signal about the country's support for free trade.