Why A Fracking Ban Won’t Kill U.S. Shale

One of the things that had the oil industry worried about a Biden administration was his opposition to fracking, and his promise to ban it on federal lands on his first day in office. In case you haven’t been following closely, American production has soared due to fracking over the last decade. The point must be made, no fracking, no shale oil. Chart by author I've made the point in several articles that I doubted whether he would really follow through on this threat, as it would lead to an eventual slowdown in drilling with a commensurate…