Of all of the market-moving tweets today, one specifically from Democratic presidential hopeful
Sen. Elizabeth Warren
is sending shivers by means of the oil business.
“On my first day as president, I’ll signal an govt order that places a complete moratorium on all new fossil gas leases for drilling offshore and on public lands,” she tweeted on Sept. 6. “And I’ll ban fracking—in all places.”
Outlawing a method that power producers use to blast oil and fuel from shale formations would require laws and spur a torrent of opposition from corporations, traders and possibly even state governments.
Substantial as these hurdles could also be, they haven’t stopped analysts from working the numbers for traders and power executives to see what may occur, if hydraulic fracturing had been banned.
They’re notably targeted on Ms. Warren’s risk to choke off drilling on federal lands.
“‘If Sen. Warren had been to win…’ was getting loads of airtime in our conferences,” mentioned