The American Petroleum Institute launched an ad campaign Thursday to warn voters in US battleground states that Democratic presidential candidates’ proposals to ban fracking could trigger a recession and job losses across all sectors of the economy. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Democratic front-runner Bernie Sanders and other candidates have proposed ending oil and gas leases on public and private lands, but a full fracking ban is seen as unlikely to pass Congress and survive legal challenges. A study commissioned by API found that banning fracking nationwide — representing 95% of current US oil and gas wells — would cut household incomes by $5,400/year and increase household energy costs by at least $600/year. The study said the […]

Posted in: USA