Fracking has Regulations. And there are some pretty good reasons for that. But most of those regulations are left to the States. In Colorado, we Frack. But even with Fracking, we have more oil wells capped off due to no place to sell the crude than we would like. But we also have regs of how to Frack but those rules are meaningless if there is no reason to frack in the first place. It's not the Government that has reduced the amount of fracking but the Oil Companies. Why frack when you can't even give your crude away.
One of the State Regs here is how deep you can frack. Actually, there are limits on the depth. If it is less than X number of feet then you can't frack. That protects under surface water and stability. Meanwhile, just across the line is Kansas with their poor drinking water and mini quakes who don't seem to have the depth reg.
In order to get more fracking, the supply and demand have to redistributed. But one of the factors is, the demand for crude oil has leveled off if not decreased. The Production (supply) overtook the demand (sales at the pumps). With people driving less (it's hard to tell but I ain't the traffic controller, just going to the store for some food or a fifth of gin) the demand goes down. And it's just not in the US, it's all over the globe. So Economics 101 says that the projected supply was incorrect because the demand was estimated in error. IAWs, we got more crude than we need these days. And we are fracking less because fracking costs money and we already have a HUGE surplus of crude and don't need to make more at this time.
With the supply and demand, anything can upset the balance. For instance, let's say we have a huge increase in the need at the pumps and the supply is too low. We have a temporary boost on the price. But the supply reacts, and yes, we start fracking heavily again. The Supply is raised to meet the projected demand. But if the calculations are incorrect and the supply exceeds the demand or the demand goes down the prices go down. That means less fracking.
With that in mind, as we move from one technology to another, we may be moving to less oil dependence for transportation. And that IS happening. And it's not necessarily the Government that is doing it. In many cases, it's the Corporates and Businesses that are making that choice for economic reasons. It's cheaper. Why pay hundreds of dollars for diesel fuel for a cross town bus when you can do the same job on electrics for less than a hundred daily, forget about the environment and all that rot.. Just because it IS better for the environment is probably not why the change was made. It's all about money.
This nonsense that Biden will end fracking is just stupid. The States will end it long before the Federal Government but only if it's the economical reason to do it.