![]() ![]() Study after study has shown that lifting restrictions on free trade will drive more jobs, a stronger economy, and put downward pressure on fuel prices.Fracking (also known as hydraulic fracturing, hydrofracturing, or hydrofracking) is a well stimulation technique involving the fracturing of bedrock formations by a pressurized liquid. We also must work quickly to solidify our role as an energy superpower by modernizing 70s-era trade restrictions that prevent U.S. consumers can benefit from energy production on federal lands that remain off-limits. “To build that momentum and strengthen our position as an energy superpower, it’s critical that policymakers turn aside duplicative regulations on hydraulic fracturing and ensure that U.S. Keeping the revolution going will depend on policy choices. Isakower said the energy revolution producing benefits to the country and individual Americans isn’t a “lucky accident.” Rather, it’s the result of decades of American innovation and investment whose objective was to increase domestic energy production. production is over 8.5 million barrels per day, 70 percent higher than the 2008 average, which shows that our energy revolution is just getting started.” “For the first time in generations, surging domestic production is driving our energy security and providing a crucial buffer against disruptions in Europe, Africa, and the Middle East. oil production rose from 5 million barrels per day in 2008 to 7.4 million barrels per day – by coincidence, also an increase of 48 percent. At the same time, government data shows U.S. ICF found production from wells using hydraulic fracturing and horizontal drilling totaled 4.78 million barrels per day in 2013, accounting for 48 percent of all U.S. Cumulative savings from 2008 to 2013 were estimated by ICF at between $165 billion and $624 billion. petroleum product prices were between 29 cents and 94 cent per gallon lower in 2013 than they would have been without fracking/horizontal drilling, ICF says, saving consumers an estimated $63 billion to $248 billion. production of crude and condensates from fracking/horizontal drilling.
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