Hydraulic Fracturing

2549 WordsNov 7, 201311 Pages
Sarah D Karen K English Composition 407 Novemeber 7, 2013 Cause and Effects of Hydraulic Fracturing Hydraulic Fracturing is the process where millions of gallons of water that contain thousands of chemicals is pushed thousands of feet below the surface of the earth releasing gas, oil and sand from shale rocks (Hydraulic Fracturing Definition.) This chemical-filled water passes through water ways that are vital to life causing millions of animals, plants and humans to be harmed. Fracking is a global issue for citizens but a global success for big companies getting rich off the gas, oil and sand that are our natural resources; the economic benefits are not worth the environmental and health consequences. A large deposit of natural…show more content…
With having 400,000 natural gas wells across the United States this creates thousands of jobs for people. In 1980 fracking companies supported 267,000 employees according to the Federal Reserve Bank of St. Louis (Hassett, Kevin A.) In 2011 alone the United States produced 850,983 cubic feet of natural gas from shale gas wells (The Numbers.) Per thousand cubic feet of natural gas costs about 4.24 dollars, this comes out to a profit around 36 billion dollars (Hassett, Kevin A.) Not only does it have large profits but it has a huge direct effect on trade balance with the US and other countries. Between 2007 and 2011 natural gas imports decreased by 25 percent, with this four year decrease Energy Information Administration predicts that the USA will become a net exporter of natural gas by 2020 (Hassett, Kevin A.) Though “The word in the world of independents is that the shale plays are just giant Ponzi schemes and the economics just do not work,” says a spokesperson from IHS Drilling Data, an energy research company (The Numbers.) Shocking news that the economics just do not work with the gas companies many are finding out that it’s not as cheap to extract from the shale as the they intended it to be (Hunt, Spencer.) According to hundreds of industry emails and internal documents, and an
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