US Fracking Ban Could Cost The Economy $7 Trillion

A ban on oil and gas drilling in the United States proposed by US Democrat presidential hopefuls will cost the economy $7 trillion, US oil industry lobby group American Petroleum Institute said on Thursday. In a new report, the API calls out the price climate plans laid out by the Democrat party frontrunner socialist Bernie Sanders and another party hopeful, Elizabeth Warren, alleging that their plans to ban fracking across the nation would chip away $7.1 trillion from the gross domestic production over the next decade. It would also strip away…