The United States and Oil PricesAccording to economics, the emergence of Fracking stopped the steady decline in U. S. crude oil production that had occurred over the past decade. Fracking had a huge impact on global oil prices because the new technology allowed the United States to once again became one of the world’s largest crude oil producer and the increased supply of oil put downward pressure on global oil prices.
With major pipelines stopped, getting fuel from wells to railway to 157,000 fuel stations in the country - Are Trucks
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For some reason our current adminstration decided to outlaw oil production in the USA, but the USA is the largest producer of oil in the world ?