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A World Remade by Fracking

By Holman Jenkins, Wall Street Journal - April 1, 2015

If not for fracking, oil would probably be $200 a barrel and gasoline $6.50 in the U.S.

Western economies would likely be in free fall. The grudging U.S. recovery would be in retreat. The modest and possibly illusory green shoots seen in Europe, largely a function of cheap oil and a strong dollar, would wither. Japan would be even more of a write-off than it already is.

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