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: Obama Administration’s Final Species Petition Regulations Demonstrate Need for ESA Reform

    Today, the U.S. Fish and Wildlife Service and National Oceanic and Atmospheric Administration announced final revisions to regulations governing the petition process under the Endangered Species Act (...... Read more

    Bishop: Native Hawaiian Rule is Unconstitutional

    Today, the U.S. Department of the Interior issued the final rule to create a Native Hawaiian government. The rule, which is highly disputed and raises difficult constitutional issues, includes new adm...... Read more

    Bishop: Obama Administration is Exploiting Native Americans to Advance Their Extreme Environmental Agenda

    Today, the U.S. Departments of the Army, the Interior and Justice invited tribal leaders to participate in government-to-government consultations on infrastructure permitting. Chairman Rob Bishop (R-U...... Read more

    View All News

    Calendar

    Field Hearing on Tribal Prosperity and Self-Determination through Energy Development
    Committee on Natural Resources | 490 Old Santa Fe Trail, Santa Fe, NM 87501
    View All Events