US energy prices would skyrocket under EU-style regime, says report

Fracking was the only bright spot in the Obama “recovery.” If the energy picture had not changed the living standards of the US would have been nothing but grim.

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US energy sources in 2015 [credit: EIA] US energy sources in 2015 [credit: EIA]
A ‘$676 billion drag on the economy’ by going down the EU path, or ‘nearly half a trillion dollars’ from fracking? The U.S. chose fracking, as The Daily Caller points out.

The U.S. would lose more than 7 million jobs if it adopted the kind of energy policies popular in many European countries, according to a report published Friday by the U.S. Chamber of Commerce.

The European energy policies would impose a $676 billion drag on the U.S. economy, the report states, and result in Americans paying an extra $4,800 per year to heat their homes.

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