Fracking's Role in Oil Supply Shifts

Steps:

• Identify factors lowering oil prices: decreased demand or increased supply.
• Evaluate A: Slower Chinese growth reduces global demand for oil.
• Evaluate B and D: Saudi Arabia's output and US fracking both boost global supply.
• Evaluate C: UK fracking prevention limits new supply, opposing price drop.

Why C is correct:

• Per the law of supply and demand, blocking fracking reduces potential supply increases, which would maintain or raise prices rather than lower them.

Why the others are wrong:

• A decreases demand, shifting the demand curve left and lowering prices.
• B increases supply, shifting the supply curve right and lowering prices.
• D boosts US production via fracking, increasing global supply and reducing prices.

Final answer: C