The True Reason(s) Gas Prices are Falling [Hint: It’s Not - TopicsExpress

The True Reason(s) Gas Prices are Falling [Hint: It’s Not Because of Green Energy] A 50% INCREASE (Domestic) Oil production and election year are the main reasons for falling gas prices (in spite of Obama). Oil prices are falling because of changes in world supply and world demand. Demand has slowed because Europe is an economic wreck. But since 2008 the U.S. has increased our domestic supply by a gigantic 50 percent. This is a result of the astounding shale oil and gas revolution made possible by made-in-America technologies like hydraulic fracturing and horizontal drilling. Already thanks to these inventions, the U.S. has become the number one producer of natural gas. But oil production in states like Oklahoma, Texas and North Dakota has doubled in just six years.

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