Posted October 30, 2014
Sweet Fracking: How U.S. Oil Boom Fuels Chocolate Craving
Reuters: U.S. chocolate demand may get an extra boost from an unlikely source this Halloween: the U.S. shale revolution.
With an abundance of crude oil due to the country's fracking boom pushing average U.S. retail gasoline prices to their lowest in four years, consumers have spare change to buy sweets at gas station stores, Hershey President and Chief Executive Officer John Bilbrey said on Wednesday.
"You could say that we benefit because people aren't spending as much at the pump and they're going inside," Bilbrey said in a conference call with investors to discuss quarterly earnings.
Read more: http://reut.rs/1FZ2DqS
More industry news:
Oil and Natural Gas Industry Says Safety Improvements a Priority: http://bit.ly/1q4cVvG
West Virginia Index Points to Economic Growth – Thanks to Marcellus Shale: http://bit.ly/1tG33xb
Texas Oil Production Tops 2.2 Million BPD: http://bit.ly/1sKvIfg
More Than 1,700 Gas Wells Awaiting Connections: http://bit.ly/1FZ178c
Shale Boom Shines Light on Natural Gas Liquids: http://on.wsj.com/1sKuTTC
ABOUT THE AUTHOR
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.