What are the pros and cons of cheap US produced oil?

What are the pros and cons of cheap US produced oil?
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answer:“But in the long run are we damaging the earth more by extracting shale oil?” Do you really need to ask this question? Water is more valuable than oil; fracking is poisoning the truly very little potable water that is easily available to us. This is a no-brainer. Who says gas should be cheap? It isn’t elsewhere in the world.
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