Washington Examiner’s Zack Colman just tweeted that Sen. Al Franken spent at least a bathroom break’s worth of Senate time this morning to claim that the U.S. government birthed the technological advances in oil and gas drilling collectively known as “fracking.”
Sen. Franken is wrong. Here, Devon Energy chief Larry Nichols—who was present at the creation of “fracking”—explains that it was the private sector behind this breakthrough. And here, Platts Director of News John Kingston explains that subsurface property rights were the sine qua non of the American energy renaissance. Both of these insights were rendered on Platts Energy Week with Bill Loveless, which is no longer on and is sorely missed.