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

    Bishop Statement on Confirmation of Sonny Perdue as Agriculture Secretary

    Today, Chairman Rob Bishop (R-UT) issued the following statement after the U.S. Senate voted to confirm Sonny Perdue as Secretary of the Department of Agriculture: “I congratulate Secretary Perdue on ...... Read more

    Bishop Announces Senior Committee Staff Changes

    House Committee on Natural Resources Chairman Rob Bishop (R-UT) today announced a number of senior staff changes for the 115th Congress. Kiel Weaver, staff director for the Subcommittee on Water, Powe...... Read more

    Bishop Statement on Zinke Appointment of Kate MacGregor to Interior Post

    Today, U.S. Secretary of the Interior Ryan Zinke announced the appointment of Katharine MacGregor, former senior professional staff on the Subcommittee on Energy and Mineral Resources, as Deputy Assis...... Read more

    View All News

    Calendar

    Full Committee Markup
    Full Committee | 1324 Longworth House Office Building Washington D.C. 20515
    Full Committee Markup
    Full Committee | 1324 Longworth House Office Building Washington D.C. 20515
    Oversight Hearing on Examining the Consequences of Executive Overreach of the Antiquities Act
    Subcommittee on Federal Lands | 1324 Longworth House Office Building Washington D.C. 20515
    View All Events