Oil Majors Attack The Democrat’s Fracking Ban

Exxon and Chevron believe that a ban on fracking will only shift economic benefits out of the U.S. and possibly raise the price of oil, the two largest U.S. oil companies said in their first comments on the idea of Democratic presidential hopefuls to ban fracking and new leases for oil and gas development. Senators Elizabeth Warren and Bernie Sanders, two of the front-runners in the Democratic Party’s race for nomination in recent polls, have promised to ban fracking, on a collision course with the oil industry and even with some Democratic…