Hydraulic Fracturing

A look at the future of natural gas extraction

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There is an ongoing debate regarding the preferred sources of fuel needed to meet America’s future electricity needs. The United States has been dubbed the “Saudi Arabia of coal” due to its extensive coal reserves, and approximately 60 percent of the electricity generated in Michigan comes from coal-fired power plants. Coal has increasingly come under attack from environmental groups, however, because they believe emissions from coal-fired power plants contribute to global warming. If less coal is used in the future to provide electricity, that energy must be replaced in order to provide reliable sources of electricity necessary to power America’s economy.

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Jim Riley got his own fiscal house in order so he could retire. Now he wonders why his city government can’t do the same for their employees, and taxpayers who could end with huge bills from the unfunded retirement liabilities.

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