With the rise of fracking 20 years ago, the price of natural gas in the United States plummeted, and it has since leveled out at a much lower price than before fracking was common. As a result, Americans pay less for their electricity. And since natural gas plants emit about half the carbon that coal plants do, climate-warming emissions have dropped substantially. Since 2005, the power sector has reduced its annual carbon emissions by around 18 percent, according to the U.S. Energy Information Administration. Most of that decrease came from the coal-to-gas switch that happened with fracking.
Gas plants are also less expensive and more flexible to operate than coal plants, making them an excellent addition to power grids using renewable energies such as wind and solar. When the wind isn’t blowing and the sun isn’t shining, grid operators can easily fire up gas plants to fill the gaps.
And while natural gas gets most of the headlines, fracking for oil has also benefited Americans. Producing our own oil makes us less dependent on foreign adversaries, such as Saudi Arabia and Venezuela, that have long manipulated production of their own oil resources to affect prices in America.