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Stock impact report

What is fracking? Domestic oil, gas production will be big part of Trump agenda [USA TODAY]

LIBERTY ENERGY CORP (LBYE) 
Company Research Source: USA TODAY
While it is worth noting that the U.S. is producing more oil and gas than ever before , Trump has repeatedly championed fracking production, promising a boom that will lower energy costs and bolster America's energy independence. But what exactly does that mean? What is fracking? Fracking involves injecting a high-pressure mixture of water, sand and chemicals into underground rock formations to release oil and natural gas. This technique has revolutionized energy production in the United States, contributing to significant gains in crude oil and natural gas output. According to the Department of Energy, fracking now accounts for 95% of new wells in the U.S., generating two-thirds of the total gas market and nearly half of the nation's crude oil production. Sign-up for Your Vote: Text with the USA TODAY elections team. The process is central to Trump's pledge to expand America's energy dominance. “We will end Kamala's war on American energy, and we will drill, baby, drill,” Show less Read more
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