Home > blog > Page
How Hydraulic Fracturing Can Help Lower Gasoline Prices
Posted by Michael Tadeo on August 09, 2013

In a recent article in The Atlantic, Karl Smith from the University of North Carolina – Chapel Hill, explains how hydraulic fracturing could help end gasoline price volatility.  Hydraulic fracturing allows the development of oil reserves that have previously been unreachable with other forms of energy exploration. While a traditional well may produce 50 barrels of oil per day, a fracked well can produce upwards of 7,000 barrels per day.

This fracked crude oil is much lighter, which means that more refineries can process the lighter crude. With more crude able to be refined, more gasoline can come to the market thus lowering the price.  This is a textbook case of supply and demand economics.

Take a look by clicking HERE...

    Post a Comment
    Fill out the fields below to submit a comment

    Latest News

    House Passes Bipartisan “National Park Service Centennial Act”

    Today, the House passed H.R. 4680, the “National Park Service Centennial Act” (Chairman Rob Bishop, R-UT), bipartisan legislation to equip the National Park Service (NPS) with the tools to better mana...... Read more

    USGS Fails to Explain Decades of Data Manipulation, Management Failures and Culture of Harassment

    Today, the Subcommittee on Oversight and Investigations held an oversight hearing to examine decades of data manipulation at the United States Geological Survey (USGS), generally recognized as a preem...... Read more

    WRDA Agreement Delivers for Drought-Stricken West

    Today, House Committee on Natural Resources Chairman Rob Bishop (R-UT) issued the following statement on the Water Infrastructure Improvements Act for the Nation (WIIN) Act, a comprehensive water reso...... Read more

    View All News

    Calendar

    No upcoming scheduled events

    View All Events