6. Going deeper on the fracking fight
One of the higher-profile energy topics in the primary fight has been a push by several Democrats to ban or restrict fracking (although it didn't surface last night).
Driving the news: A new note from the data analytics firm Kayrros sizes up what a president might actually be able to do — thwart fracking on federal lands.
They account for a relatively small but hardly trivial share of U.S. oil and gas production.
What they found: "Federal-land fracking does not represent an irreplaceable share of U.S. [oil] production, neither is it a footnote — thanks in part to the fact that wells on Federal leases have been punching above their weight," they note.
How it works: Their analysis shows that the New Mexico side of a key section of the booming Permian basin (which is largely in Texas) is the epicenter of fracked oil wells on federal lands.
Wells drilled on the New Mexico side of the Delaware basin, a subsection of the larger Permian, beginning 2018 account for 17% of U.S. production growth since then.
Meanwhile, the U.S. Chamber of Commerce yesterday released a study on the effect of some candidates' calls to ban fracking on all U.S. lands.
It's a goal of Sanders and Warren that would require congressional action that's very unlikely to occur.
What they're saying: The analysis, which looks at oil and natural gas production, argues it would be "catastrophic" for the economy, cost millions of jobs (4 million in 2021 alone); and send heating cost and pump prices skyward.
- Catastrophe or short-term dip? Studies look at oil, gas impact of Democrat president (S&P Global Platts)
- Warren's 2020 ascent sends ripples through oil industry (Axios)