---
title: Eliminating fracking in the U.S. could lead to lost jobs, a shrinking economy and higher fuel prices.
description: The Global Energy Institute (GENI), an affiliate of the U.S. Chamber of Commerce, has spoken out against politicians’ pledges to put a stop to hydraulic fracturing.
---

[Oil & Gas | National Investor Network ](https://www.nationalinvestornetwork.com/oil-gas)

# [Eliminating fracking in the U.S. could lead to lost jobs, a shrinking economy and higher fuel prices.](https://www.nationalinvestornetwork.com/oil-gas/eliminating-fracking-in-the-u.s.-could-lead-to-lost-jobs-a-shrinking-economy-and-higher-fuel-prices)

 Written by [Jennifer Delay Iacullo](https://www.nationalinvestornetwork.com/oil-gas/author/jennifer-delay-iacullo) | Dec 23, 2019 9:01:38 PM

The Global Energy Institute (GENI), an affiliate of the U.S. Chamber of Commerce, has spoken out [against politicians’ pledges to put a stop to hydraulic fracturing](https://www.globalenergyinstitute.org/new-chamber-analysis-quantifies-economic-risks-proposed-fracking-ban). Several of the candidates who are now competing for the Democratic Party’s presidential nomination have said they will put a stop to the practice if they win next years’ presidential elections.

In a statement dated December 19, GENI it had completed a study showing that the introduction of such a ban would probably have a widespread and negative effect on the U.S. economy – including the loss of as many as 19mn jobs between 2021 and 2024. Without fracking, the U.S. might also have to confront a shrinking GDP and higher fuel prices, it said.

Marty Durbin, the president of GENI, commented: “Our study shows that banning fracking would have a catastrophic effect on our economy, inducing the equivalent of a major recession and raising the cost of living for everyone across the country. This bad idea should be abandoned.”

[View full post](https://www.nationalinvestornetwork.com/oil-gas/eliminating-fracking-in-the-u.s.-could-lead-to-lost-jobs-a-shrinking-economy-and-higher-fuel-prices)

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