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 Passes Bill to Improve Regulatory Efficiency, Environmental Progress

    Today, the House Committee on Natural Resources passed H.R. 3133, the “Streamlining Environmental Approvals (SEA) Act of 2017.” Introduced by Rep. Mike Johnson (R-LA), the bill amends the Marine Mamma...... Read more

    Minority Leadership Flip Flops on Support for Tribal Rights in House Vote

    Today, 158 House Democrats voted against S. 140 (Sen. Jeff Flake, R-AZ), a bill that promotes tribal self-governance over tribal resources, lands and business regulation. Despite claims to overwhelmin...... Read more

    Curtis Bill Enhances Antiquities Protections, Creates First Ever Tribally-Managed National Monument

    Today, the Subcommittee on Federal Lands held a legislative hearing on H.R. 4532, the “Shash Jaa National Monument and Indian Creek National Monument Act.” Introduced by Rep. John Curtis (R-UT), and c...... Read more

    View All News

    Calendar

    Full Committee Markup
    FC Markup | 1324 Longworth House Office Building
    Legislative Hearing on Tribal Jobs Bill
    Subcommittee on Indian, Insular and Alaska Native Affairs | 1324 Longworth House Office Building Washington D.C. 20515
    Oversight Hearing, “Examining the Department of the Interior’s Actions to Eliminate Onshore Energy Burdens.”
    Energy and Mineral Resources | 1324 Longworth House Office Building Washington D.C. 20515
    View All Events