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To: Behind Liberal Lines

How does a nat gas drilling ban, raise the price of oil?

Especially from a state that has had the same ban as “temporary” for 5 years?


14 posted on 12/17/2014 10:19:44 AM PST by thackney (life is fragile, handle with prayer.)
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To: thackney

Oil prices are based in part on speculators. Banning fracking means less natural gas going forward. Less natural gas means a certain population of potential users of said gas will keep using oil. More people using oil means more demand. More demand means higher prices.


25 posted on 12/17/2014 10:36:06 AM PST by Behind Liberal Lines
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