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What would happen if there was a #fracking ban? The @USChamber did a deep dive, and here is what they found. THREAD
19 million jobs would be lost by 2025.
Gasoline prices would DOUBLE by 2025 due to skyrocketing oil prices.
The price of natural gas-currently the largest source of power generation in this country-would increase by 324 percent.
Household electricity prices would QUADRUPLE.
Consumers would pay on average $5,661 more per capita due to higher energy prices and the resulting increase in costs for other goods and services.
Nearly $1.9 trillion would be lost in local, state and federal tax revenue through 2025.
$7.1 trillion loss of GDP through 2025.
Manufacturing sectors in states like Ohio, Pennsylvania, Colorado, Texas and New Mexico, Michigan and Wisconsin would be devastated due to higher prices for petroleum products, natural gas and electricity.
Reduced energy security and a return to reliance on imports from international suppliers for oil and gas including Russia & members of #OPEC.
