Global Warming Policy Forum: Fracking Saved Americans $1.1 Trillion Over Past Decade, New Report A new report prepared by Kleinhenz & Associates for the Ohio Oil and Gas Energy Education Program shows increased oil and natural gas production from hydraulic fracturing has saved American consumers $1.1 trillion in the decade from 2008 to 2018. These findings are backed up by a series of reports from the Consumer Energy Alliance. The trade group found lower natural gas prices due to increased shale development led to more than $40 billion in savings for Ohio residents from 2006 to 2016.
AP News: New Mexicans wary of candidates’ proposed drilling bans
Democrat front-runners for the party’s presidential nomination have promised to ban oil and gas leasing on federal lands if elected. That has caused some concerns in New Mexico, where the industry is the largest contributor to the state’s economy — whether on federal land managed by the Bureau of Land Management or state trust land.