Dr. James M. Griffin, a Bush School of Government & Public Service professor, and Robert Joseph Ladmirault, Jr., a graduating Bush School student, argue that fracking has not only spurred a U.S. energy renaissance centered in West Texas but also created other benefits. Fracking has added benefits, such as low natural gas prices for consumers, lower CO2 emissions from displacement of coal, and assistance for renewables that struggle with intermittency. The authors maintain that innovation and entrepreneurship often lead to unanticipated changes and benefits.
You can read about it in “The Permian Basin: A Tribute to American Innovation and Entrepreneurship.”
The Takeaway is a publication of the Mosbacher Institute for Trade, Economics, and Public Policy at the Bush School at Texas A&M University.