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February 7, 2012

Bureaucrats Didn't Create the Gas Boom

Nicolas Loris, Philadelphia Inquirer


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President Obama has been on a kick to promote natural-gas production. Unfortunately, he seems to think the key to doing this is more government involvement.

"It was public research dollars, over the course of 30 years, that helped develop the technologies to extract all this natural gas out of shale rock," he said in his State of the Union address last month, "reminding us that government support is critical in helping businesses get new energy ideas off the ground."

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TAGGED: Mitchell Energy, Barnett Shale, State of the Union, Department of Energy, Obama administration, oil production, Bakken Shale

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