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

    Committee Leaders Request a 120-Day Extension to EPA’s Proposed Rule

    On Friday, February 17, 2017, Natural Resources Committee Chairman Rob Bishop (R-UT), Energy and Commerce Committee Chairman Greg Walden (R-OR) and Transportation and Infrastructure Committee Chairman...... Read more

    President Trump Signs Joint Resolution to Repeal Job-killing Stream Rule

    Today, President Donald J. Trump signed H.J. Res 38 (Reps. Bill Johnson, R-OH, Evan Jenkins, R-WV, and David McKinley, R-WV), a joint resolution of disapproval under the Congressional Review Act relat...... Read more

    House Passes CRA to Restore Alaskan Sovereignty and Local Management on Federal Wildlife Refuges

    Today, the House passed H.J. Res. 69 sponsored by Rep. Don Young (R-AK). This joint resolution of disapproval under the Congressional Review Act will overturn the U.S. Fish and Wildlife Service (FWS) ...... Read more

    View All News

    Calendar

    Oversight Hearing on Modernizing Western Water and Power Infrastructure in the 21st Century
    Subcommittee on Water, Power and Oceans | 1324 Longworth House Office Building Washington D.C. 20515
    View All Events