Report: Without The Fracking Boom, Oil Would Be At $150 Per Barrel

Report: Without The Fracking Boom, Oil Would Be At $150 Per Barrel

Daily Caller | November 24, 2014 | by MICHAEL BASTASCH

The price of oil fell from about $100 per barrel to $80 per barrel in a matter of months, bringing with it lower gasoline prices for drivers and a modest boost to the economy ahead of the holiday season. This is all thanks to the advent of hydraulic fracturing, or fracking, and horizontal drilling in the U.S., without which gasoline prices would be nearly one dollar higher and oil would cost as much as $150 a barrel, according to a recent report.

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