Fracking And Natural Gas Should Be A Good Thing For The Economy

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Jeff Goodell, a leading staff writer on energy and environmental issues for Rolling Stone magazine once stated, “Nobody disputes that cheap natural gas would be a good thing for the economy. The question is, is this a sustainable new development that can be counted on for decades to come, or simply a 'bubble ' brought on by a land grab and drilling frenzy?” (“Jeff Goodell Quote”, 2013). Goodell states the undeniable truth about natural gas. This is that the federal government regulating the fracking industry will exponentially increase the United States economy by making the United States a global counterpart in the worldwide market for oil. However, Goodell also highlights the negative effects of fracking and natural gas. This is the…show more content…
Hydraulic fracturing, which is also known as fracking, is the most effective way to obtain natural gas. In the political scheme fracking is a very controversial issue and not bi-partisan. The main concern of liberals on the topic of fracking is the potential negative environmental implications. On the other side of the spectrum, conservatives generally perceive fracking as a way to gain large economic incentives in the global economy. Therefore, the federal government must regulate the fracking industry in the United States. By doing so not only will the environment concerns of fracking be reduced, but the United States economy will expand greater into the global market of foreign politics and relations. This benefits both the liberal and conservative views on fracking. The federal government can regulate fracking by passing a bill in congress. The bill will comprise of bi-partisan values. In the liberal case the bill will create an improved fracking business that is ecofriendly. In the conservative case the bill will allow for the government to fund energy businesses. Also, the government funding will allocate towards investigating the negative environmental effects fracking can cause.
The Industrial Revolution created a society and energy consumption based on coal. However, in a more traditional society, natural gas has been obtained through oil drilling. While
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