Nevada prepares for arrival of fracking
Exhibit A, as reported by The Washington Beacon’s Lachlan Markay: Midland, Texas, has the lowest unemployment rate of any metro area in the United States, at 2.9 percent, and is one of the fastest-growing cities in the country, thanks to the oil shale boom in West Texas. Conversely, Yuma, Ariz., has the highest unemployment rate of any U.S. metro area, at a whopping 26.1 percent. Yuma is home to the Agua Caliente solar plant, the largest photovoltaic solar generation facility in the world, thanks largely to a $967 million loan guarantee from the Department of Energy.
William Yeatman, an energy policy expert with the Competitive Enterprise Institute, told Mr. Markay: “It represents the difference between an industry which exists of its own accord, providing goods and services that people actually want to buy, and an industry that exists only by the grace of government, which acts to mandate demand and subsidize supply.”