Fracking Seen Robbing OPEC’s Power to Set U.S. Gasoline Prices

Fracking Seen Robbing OPEC’s Power to Set U.S. Gasoline Prices

Duncan Chard/Bloomberg

Oil transfer pipes and storage silos which form part of the Abu Dhabi Crude Oil Pipeline, known as Adcop, in Fujairah, United Arab Emirates. As the U.S. adds supply, the OPEC’s influence over prices would wane.