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Fracing, Freedom to Trade, and Global Prosperity (George Mitchell’s Ultimate Contribution)

By Greg Conte -- August 19, 2013

The recent death of George P. Mitchell has revived the discussion of shale gas and brought the extraordinary life of Mitchell into the limelight.

Son of poor Greek immigrants, he embodied the prototypical “rags-to-riches”. His development of hydraulic fracturing (“fracking”) has been his highlighted attribute and brought justified recognition for his contribution to the global energy supply.

When considering the economic benefits that shale gas production through fracking bring about, it is no wonder why Mitchell continues to win awards, such as “Houstonian of the Century,” even posthumously.

The Bigger Picture

What appears to be absent from most of Mitchell’s praise is his growing contribution to strengthening the global position of the United States. The prodigious supply of U.S. natural gas already has weakened energy-dominate regions, which include Russia and OPEC, and has created a greater potential for foreign partnerships.…