Fracking Benefits

There are many positive arguments that support the concept of Fracking. Fracking helps out the economy and our energy in many ways. Today, natural gas and oil is needed all over the globe because it makes up most of our energy consumption. (US Dept. of Energy) This is why many support Fracking. Fracking is also needed today because it seems to be the most profitable and attractive way to obtain oil and natural gas. Many places around the globe today are being exhausted of natural gas and oil reserves, which urges the push for fracking. Fracking also has many positive economic effects. The main thing fracking does is create jobs, which greatly strengthens the economy. In addition, fracking has recently been shown to provide jobs for millions of people. A recent report done by Tamara Thompson showed that Fracking has accounted for 385 billion dollars in economic activity in the United States. Fracking is also very profitable. Extracting natural gas and oil today is very expensive, but because of fracking, there is an alternative form to recover natural gas resources that

Over the past decade oil and gas producers have increasingly used hydraulic fracturing also known as fracking to extract oil and gas from the earth. Most people believe fracking is a new process but it has been around for over 100 years. Modern day fracking began in the 1990’s when George P Mitchell created a new technique by combining fracking with horizontal drilling. Since then, U.S. oil and gas production has skyrocketed. But the “new” perception of fracking leads people to incorrectly believe that fracking is temporary and that it somehow harms the environment. The truth is fracking is a reasonable energy solution if oversight and safeguards are used. In the last ten years fracking has improved conditions in the U.S. in three

In recent years, the subject of hydraulic fracturing, better known as fracking has been a constant subject of interest in the news media. The pros and cons of fracking are passionately debated. However, the public should become educated on the subject of fracking prior to choosing a side of the argument. In the scholarly article, “Super Fracking,” published in 2014, by Donald L. Trucotte, Eldridge M. Moores, and John B. Rundle, a detailed description of fracking is provided, followed by their analysis of current issues surrounding the controversy. According to Trucotte, Moores, and Rundle, fracking saves the consumer money. The wellhead cost to produce natural gas in January of 2000 was two dollars and sixty cents per one thousand cubic feet. At an alarming rate, the cost at the wellhead to produce natural gas had risen to eight dollars per one thousand cubic feet by January of 2006. Comfortingly, the wellhead cost dropped to two dollars and eighty-nine cents by the end of 2012. Impressively, gas production increase and price decrease over the time period are a result of fracking. In their article, Trucotte, Moores, and Rundle describe in great detail that hydraulic fracturing, most commonly referred to as fracking is the process of drilling down into the earth to fracture the layers of rock so that a high-pressure water mixture is directed at the rock to release the oil or natural gas inside. This method of fracking has been used commercially for the last fifty years.

“Fracking” isn’t a word that most people are familiar with unless they are well informed or active in local government or natural gas extraction. “Hydraulic fracturing, or fracking, involves extracting natural gas from shale formations underground” (Collier, Galatas, Harrelson-Stephens, 2008). During the process known as fracking, millions of gallons of water are shot underground into shale formations to help bring the natural gas trapped inside the formations to be released so that it can surface and become available for extraction. This is the technique that is used for traditional fracking methods. Although fracking increases the states natural gas production, it also carries some negative side effects that are affecting the state and its people.

Fracking is a major issue in our world right now, and yet it is still being done. Not everyone knows what fracking is, so let me explain. “Fracking is the process of drilling down into the earth before a high pressure water mixture is directed at the rock to release the gas inside. Water, sand, and chemicals are injected into the rock at high pressure which allows the gas to flow out of the head of the well” (Shukman, David (2015), “What is fracking and why is it controversial?” http://www.bbc.com). There are tons of resources being put into fracking that is actually causing problems of its own. “Each gas well requires an average of 400 tanker trucks to carry water and supplies to and from the site” (N/A (2015),”Dangers of fracking”.

The most obvious economic benefit of fracking is that it allows the U.S. to collect natural gas and oil from our own land, meaning that we do not have to import as much from other countries (Jackson, 2014). Reducing the amount of natural gas and oil

“Fracking is the process of obtaining Natural Gas from below Earth’s surface by drilling 1000’s of feet into the earth before a high-pressure water mixture is directed at the rock to release the gas inside.” Water, sand and chemicals are injected into the rock at high pressure which allows the gas to flow out to the head of the well.” (Jackson). Hydraulic Fracturing got its name due to the fact of how the rock is fractured apart by the high pressure mixture of a number of chemicals, sand, and water. Drilling companies first began Fracking in the early 1940’s, and starting in the 1990’s companies began “safer drilling” due to the amount of concerns that had arisen because early drillers had to detonate small explosions that eventually ended up killing many people. Fracking has been used for nearly 60 years and the number of concerns about it are rising every day. Due to the new technological advancements in drilling Fracking has changed greatly over the years. Before, the drilling would go on for weeks on end in order to extract only a small amount of natural gas. Now, due to the invention of higher powered drills, the drills get double the amount then they used to be able to get in more then half the time. Over 95,000 square miles of shale deposits have been found around the Appalachian Basin but the only way to reach these deposits of shale is through fracking. “Fracking is a technique designed to recover gas and oil from shale rock by drilling

Therefore with resources becoming scarce humanity needs to extract the most from what the earth has. In fact from adding gasoline to your vehicle, to power plant facilities using natural gas instead of burning coal to power homes, to computes and cell phones, almost everything in our lives depend on an oil based product and fracking is the solution for the depletion of fossil fuels. Three controversial issues with hydraulic fracking are nearly everything people use daily has a petroleum based product, contamination of drinking water also the surrounding soil, and the financial impact on the economy. Many people in America do not realize the positives that comes with fracking. It is a great way to help the economy in the United States. Fracking decreases the price of all petroleum products including the price in gas. When gas prices decrease it allows other products such as food, plastics, and other petroleum goods to also go down in price. With these savings being passed down to the consumers it makes the cost of living in America much easier for many people who are living with a minimum wage budget. Minimum wage going up in Oregon and gas prices declining creates a stir in people making them spend more and builds consumer confidence on what is spent. In turn this rapid spending creates a boom in the American economy. With fracking producing nine million barrels a day and decreasing prices by forty five

Although the process of Fracking seems reasonable because it is something we use in our daily lives for cooking food, heating homes, and amongst other things, the question remains whether it is an actual positive or negative to not only us (not even a question) but to the environment? When looking at the pro side one main reason would be the additional access to gas and oil fracking would give us since “many scientists believe we only had a few years left to use fossil fuels before they ran out” (2015). The second positive effect for us would be the lowering of taxes. With more accessibility to gas and oil it wouldn't be such a demand allowing gas for cooking to lower as well as petroleum for cars. Lastly, it can create a

In the article, “The truth about fracking,” Chris Mooney analyzes the effects of fracking by big companies looking to extract natural gas. Fracking is done by drilling deep underground, even 5000 feet at times, and shooting high pressure water loaded with chemicals to extract gases that serve as energy. The U.S. has been fracking for about 65 years and there is enough gas in U.S. soil to last many decades to come but there are many setbacks.

The implementation of fracking has had a dramatic economic impact on the United States. The use of fracking in the last decade has increased the production of natural gas from shale formations by 10 times. (Issues) This has resulted in the United States moving more toward natural gas and away from coal to fulfill its energy power needs. In fact, one of the largest production growth areas of

In America poverty is a problem; fracking helped with this problem because it crated job opportunities. Although people in America have had a hard time finding good paying jobs, fracking has helped solve this problem. Ed Rendell confirms that “natural gas restores jobs for hardworking Americans”, and it created “thousands of solid jobs with good salaries”. While fracking helped people who are having troubles finding jobs, but it also creates new opportunities for other things like businesses. Ed Rendell points out that “It’s already creating new opportunities consumers and businesses and promoting economic growth”. Another thing that has benefitted from fracking is construction industries. Ed Rendell states that “steel, lumber, and construction

What is fracking? Fracking, according to Webster’s Dictionary, is to force water, sand, and chemical fluids into a crack or seam in a subterranean level of rock so that natural gas or oil may be harvested as it escapes through the crack. Fracking causes many harmful effects to the environment, but it does help the economy in a tremendous way. Fracking can cause loads of chemicals out into the air and into the water supply and it can also cause small earthquakes and tremors. It is useful for the economy because there is a lot of money to be made in this new industry and it provides an extreme amount of jobs and opportunity for the public. Although it is very helpful, fracking is more wrong because the damage done to our planet is much more important and concerning compared to the notion of quick cash.

Fracking has actually changed out future as we know it, and has made it possible for many things. Fracking will make the world run on natural fossil fuels for much longer, which is also better for the environment and us. In 2015, the U.S. reached its all time high in oil production in 14 years and is only expected to continually rise. Oil production in the U.S. is one of the main sources of jobs for people living in the U.S. (Nunez, 2013). Fracking is a good way to employ U.S. citizens and is also a good way to get natural ways of oil production. As we all

The fracking industry in its entirety, although surrounded by a shroud of controversy, is an economic stimulator that many do not acknowledge. The potential replacement of coal for efficient and clean energy would not be possible if it weren’t for the utilization of hydraulic fracturing, also known as fracking, and horizontal drilling. To consider fracking as only a danger to the environment would be an overstatement while saying fracking only provides natural gas and nothing else is an understatement. It’s important to consider all of the potential benefits that fracking gives to the economy and how its minor environmental destruction could lead to an economic reconstruction. Although fracking has a negative connotation with most people,