International Energy Resources And Prices

The Organisation of the Petroleum Exporting Countries (OPEC) aims to coordinate and unify the petroleum policies of its Member Countries and ensure the

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

The benefits of hydraulic fracking are: carbon dioxide emission has gone down and natural gas could replace coal as the main source of energy. This could help the environment by lowering the greenhouse gases that impact climate change. Another benefit is the fact that these companies are using natural gas from the United States and do not have to rely on foreign countries for energy sources, which provides jobs for people in Texas. The fracking industry has brought many jobs to the state of Texas, which is good for the people as well as the economy. Although the benefits may sound good, there are many consequences that are seen as worse than any benefit. Hydraulic fracking can cause many toxic

Several oil-countries have been facing economic and political turbulence as a result of the crash in oil prices, and there is disagreement among OPEC as how to handle the situation. (Krauss) While this is happening, America’s oil production continues to rise, as it inches closer to becoming an energy superpower in production and consumption; and countries that depend on their oil exports face recession.

I am aware that you are a busy man so allow me to get straight to the point. Fracking is a wonderful method of obtaining the energy we need, so that the world can continue to function as it is doing so, for future generations. Fracking helps reduce CO2 emissions and it also helps create jobs. Fracking would also cause the U.S. to become an energy independent nation for the first time in its history.

I do not support hydraulic fracking because of all the negative factors that contribute to the operation. After reading and doing research, I found that there were a lot of unknown answers in the process of fracking and it made me concerned. Although the process is said to lower the price of gas and collect more gas, fracking seems to have more cons than pros. The process does not seem like it was investigated and shows little to no research background observations. Similarly to coal, the process of fracking seems unsafe and does not seem like it will be a good idea in the long run. As a matter of fact, extracting natural gas could possibly have similar environmental impacts as coal does if the process continues. Also, the process of fracking does not have a lot of evidence that it will work nor has it been tested thoroughly. Fracking can cause contamination to groundwater, air pollution, release of hazardous chemicals, huge amounts of water intake, and many other consequences.

Fracking is a relatively new way of retrieving oil and natural gases from shale rock and other natural resources that reside in the earth’s core, using air and water together. Thus far it has been proven to be a quicker alternative to oil well drilling compared to conventional drilling methods. Oil and gas companies are still learning about the side effects of this elaborate process day by day. Despite a few side effects that have been discovered within the process, fracking has been very efficient and beneficial. As stated in, “Pros and Cons of Fracking: 5 Key Issues”, “Fracking saves lives, and it saves them right now and not at some indiscernible date well into the future”. (http://www.yaleclimateconnections.org/2015/05/pros-and-cons-of-fracking-5-key-issues/)

Let’s go a bit more in depth with some of the cons to fracking. Groundwater contamination comes about because during the fracking process methane gas and the toxic chemicals used for the process are leached out into the groundwater (Loki (2015)). One well can produce millions of gallons of waste water (Loki (2015)). Out of this waste water only 30-50% is recovered and the rest stays in the ground and is also not biodegradable (Loki (2015)). Air pollution from fracking occurs from a naturally occurring radioactive gas known as radon (Loki (2015)). Radon comes from the decay of uranium in rock, soil, and water (Loki (2015)). During the fracking process it is released into the air through the well

Hydraulic fracturing, which is more commonly known as “fracking”, is a term that many people may have heard about, but actually have very little knowledge on. Fracking is a topic that is highly controversial between people who work in the industry, scientists, and environmental professionals. Fracking has been around for a long time, but it’s only been in the past thirty years that it’s really taken off in what is known as the shale gas boom. As our sources of energy dwindle down it becomes important to consider our future and look into new sources of affordable and sustainable energy. People in the fracking industry praise the many benefits of hydraulic fracking, saying that is already being used to offset much of our current energy costs, and many consider it to be the future of all of our energy needs.

In every other category, sulfur dioxide, nitrogen oxide, carbon monoxide and overall particles it's cleaner. Another plus is oil and coal both release mercury but natural gas does not. Smog and overall air quality is an increasing issue especially in large cities such as columbus. Smog is apart of the ground level of the ozone. It's a chemical reaction of carbon monoxide, nitrogen oxides, other harmful organic compounds, and heat from sunlight. However unlike coal Natural gas has a low carbon monoxide and unlike oil it has a low nitrogen oxide level, As a result of this it contributes little to smog and can be even used to combat smog in metropolitan areas. Acid is another pressing environmental issue. Acid rain is formed when sulfur dioxide and nitrogen oxides react with water vapor and other chemicals in the presence of sunlight to form various acidic compounds in the air. Natural gas emits virtually no sulfur dioxide so it has almost no threat of acid rain. However, fracking wells release methane gas. This is a problem because if the methane gas isn’t burned of is is 25 times stronger greenhouse gas than carbon dioxide. Another pro and a con is cost. The process of hydraulic fracking is not cost efficient. This is part of the reason why natural gas is more expensive. However, the fracking industry creates jobs for ohio and the usa as a whole. So far 340,000

PRO FRACKING: Increasing reliance on natural gas, rather than coal, is indisputably creating widespread public health benefits, as the burning of natural gas produces fewer harmful particles in the air. The major new supply of natural gas produced through fracking is displacing the burning of coal, which each year contributes to the

Hydraulic fracturing, commonly known and hereby referred to as fracking, has been around for decades- but it seems that it has only recently become a prominent point of contention in our society. Fracking is considered an unconventional technique for harvesting natural gas and oil. Where conventional wells drill straight down and can only collect from more free-flowing deposits, fracking allows for horizontal drilling into shale deposits and uses water pressure to enlarge pre-existing fractures- freeing up otherwise unobtainable fuel. First used by Halliburton in 1949 (Beaver 179), fracking has been credited as having wide variety of economic and environmental benefits. Recently however, it has come under fire as being a dangerous and dirty source of energy. Using the articles “Should We Frack?” by Bruce Beaver, and "Cornucopia or Curse? Reviewing the Costs and Benefits of Shale Gas Hydraulic Fracturing (Fracking),” by B.K. Sovacool, I will evaluate the merits and detriments of the fracking process. By examining its environmental, public health and safety, and economic effects- I will show that fracking is not stable, safe, or clean enough to be considered an effective, long-term source of energy.

Fracking is better for the environment because it releases less carbon dioxide into the air. “In the past five years there have been at least 75 scientific studies, concluding that methane emissions are falling despite a huge increase in the level of natural gas.” In fact “it has been reduced by 20%.” (Bre Payton pg.1). Also fracking has

The cons of fracking include less investment in exploring new energy resources which is important to use after all the natural gas and oil is finished.

While fracking may be harmful to the environment they may also have some beneficial pros toward our economy, such as lower gas prices. However you look at it, burning natural gas is more clean and efficient than other crude energy sources, such as coal. The natural gas industry has seen tremendous growth over the years because it was cheaper and more clean than coal. Natural gas is also easier to store compared to coal because of one feature; it is a gas. Gasses can be compressed unlike solids such as coal, to put into example if you had a truck load of coal and a truck load of compressed natural gas, the natural gas would last longer because there is more of it because it was compressed. While coal is the most abundant fossil fuel in the