Yet, because no fracking company has existed without being subsidized, others believe this argument cannot be substantiated.
The former Vice President of Mitchell Energy, Dan Steward even acknowledged the role of federal support in developing natural gas: "They did a hell of a lot of work and I can't give them enough credit for that. DOE (Department of Energy) started it, and other people took the ball and ran with it. You can't diminish DOE's involvement." Steward went on to add, "Government has to be looking down the road. We really cannot wait to develop those other energies. Industry doesn't look as far down the road as the government should."
In 2011, the New Alternative Transportation to Give Americans Solutions Act (NAT GAS Act) was proposed. This would grant billions of dollars to the development of vehicles run on compressed natural gas. Again, just like those arguing on behalf of solar or wind power,
NAT GAS supporters have claimed that the bill will add thousands of jobs, cut energy prices, and lessen America's energy dependence.
President Obama has openly supported government subsidies for natural gas and fracking, taking credit for its recent successes. And like his support for "clean coal,"
Obama's support for subsidies for these fossil fuels has drawn criticism from many supporters of increased renewable energy. Meanwhile, others have criticized the President's support for the alternative energy sector. The history of government subsidies for energy research, development and production makes the current discussion very complicated and reveal the many nuances behind it.
What the Guys Who Want to be President Want to Do on the Environment - The Wire
The recent boom in natural gas and fracking in light of significant government support help make the debate over the government's role in energy very interesting. The key, however, in this debate, as in most debates, is finding consistency.
All forms of energy in America have long been subsidized. Should this continue to be the case? There have certainly been successes and failures in all energy fields. But would America be better off with less regulation, fewer subsidies, but increased risk? When attempting to come to a conclusion over this, it is crucial that the full history be examined and assessed. The current state of affairs does not provide sufficient evidence for a conclusion to this question.