Economics of Fracking

Wall Street Journal:  "Tudor Pickering estimates that if fracking were banned, natural-gas prices in the U.S. would jump to somewhere between $9 and $15, up from $2.32 per million British thermal units on Friday. The firm figures that oil, which ended Friday at $53.78 a barrel on the New York Mercantile Exchange, would rise to the $80-to-$85 range and could risk shooting to $150 during market shocks."


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