A New Day at IPANM

CNN: How Elizabeth Warren Could Vaporize America’s Oil Boom


CNN (Oct. 20, 2019) – Warren, currently the odds-on favorite to be the Democratic presidential nominee, wants to ban fracking “everywhere.” And the Massachusetts senator pledged to immediately sign an executive order to stop all new offshore drilling leases. Both steps go further than her main rival, former Vice President Joe Biden.

Warren’s aggressive plan for fighting the climate crisis could have profound consequences for the oil and gas industry. Although an outright fracking ban seems unlikely to get through Congress and the courts, such a move would halt America’s historic shale oil boom in its tracks, drive up gasoline prices, threaten good-paying jobs and make the nation more dependent on foreign oil.

CNN: How Elizabeth Warren Could Vaporize America’s Oil Boom