In 2016, 11,000,000 gallons of water were used on average to frack a well in Texas. That number is rising. The average family uses 110,000 gallons of water a year. That means oil companies are using the equivalent of 100 years worth of a family’s water to frack a well. It takes two to three days to frack a well. Much of the water is fresh water. Then the fracked water, an environmental hazard, is simply shot back in the ground. Nothing could go wrong with that, right?
REGULATION MATTERS. You would not put your money in a bank that is not FDIC insured. You would not have your retirement funds in an investment bank that does not trade on a stock exchange protected by the SEC.
Why is this? It is because you know that protection by a smart, well-staffed, educated organization helps protect you from dangers that you know exist and many that you do not.
The Texas Railroad Commission is the organization that is supposed to assure us that the energy we use in Texas is not killing us.
Would you want Bank of America to own the FDIC? Would you want Fidelity, Vanguard or Kiplinger to own the SEC, while they have your retirement funds? IF you are one of the few people in the U.S. that have a retirement fund? That is another problem for a different office, but my point is that I know that you would not!
So why do we allow the oil companies and other people making billions of dollars off the source of our energy to regulate themselves when it comes to how much they pollute our water and our air, even exempting themselves, while fracking, from the Safe Drinking Water Act?
If you believe, like I do, that regulation is part of a civilized United States, and in fact what makes the world want to come here and invest here, then I hope that you will support me in this campaign.