Big Oil Attacked by Politicians on Both Sides of the Atlantic

The transcript discusses the aggressive stance of Democratic candidates on fracking, highlighting their desire to ban or heavily regulate it. It also covers recent fracking regulations in California and the potential global impact. The discussion includes the possible effects of a fracking ban on oil production, particularly in the Permian Basin and New Mexico. Market reactions and industry concerns are addressed, with a focus on the economic implications of federal regulations on shale production and potential price increases.

What is the stance of the Democratic party towards fracking as discussed in the video?

• They want to ban or heavily regulate fracking.

• They want to increase fracking activities.

• They are indifferent towards fracking.

• They support fracking without any restrictions.

Which state is mentioned as having introduced more regulations on fracking?

• Texas

• New York

• California

• Florida

What is the potential impact of a fracking ban in the Permian Basin?

• Expansion of federal land for fracking

• Decrease in oil prices

• Constrained production of 760,000 barrels a day

• Increase in oil production

Which company was financially impacted by the news of fracking restrictions?

• Berry Petroleum

• ExxonMobil

• Shell

• Chevron

What could be a market effect of imposing federal regulations on fracking?

• Decrease in oil prices

• Increase in shale production

• Price rise due to imposed restraints

• No change in the market