The Benefits Of The Fracking Industry

For the past twenty to thirty years, hydraulic fracturing, more commonly known as fracking, has been the number one source of natural gas, oil, and energy in the United States. The process of fracking is that a well is built above the ground and then a drill digs several thousand feet deep into the ground to extract the oil and natural gas that is trapped inside of rock formations. Fracking is very controversial because of the cost of the process and the environmental “threats” that it poses. From methane emissions to earthquakes, fracking has been accused to be linked with several environmental issues. To prevent any environmental dangers, states place regulations and boundaries that energy companies have to follow in order to build a well and keep it up and running. The EPA (Environmental Protection Agency) also works with states to help regulate these wells. More importantly, fracking in the United States is very important and acts as a bridge to the future. While it may be argued that hydraulic fracturing is not beneficial to the economy and harmful to the environment, fracking in the United States should not be banned because fracking is not only imperative to the growth of jobs and the economy, but it also does not put the surrounding environment in danger.

The job of fracking constitutes of gas being released to supply both Australia and overseas countries. Administrators and workers take this process seriously as every cubic foot of gas is measured and supplied. Although potential health problems have been recognized, the companies have been focusing on the collection grid and the and the shortage of regional community employees as only 2% of the workforce is applied for the job. Another economical factor is that Fracking is destroying jobs in other industries. These include manufacturing, tourism and agriculture as well as gas related fields. This caused a major problem in for farmers as they live on rent as well as the decrease of jobs is becoming difficult to maintain that wage. Furthermore, as the natural is supplied throughout the world, citizens must pay double or triple the prices in the upcoming years due to this fracking site.

It’s been over 65 years since fracking first began as a method of extraction by oil and gas companies, but the government has done little to regulate the catastrophic practice. How anyone could consider injecting tens of thousands of gallons of water and chemicals deep into the ground being a good idea is beyond me. Those chemicals include chlorine, acetone, benzene, formaldehyde, ammonia, and almost 600 other chemicals that fracking operations won’t even reveal to the public. These chemicals, despite denial by all major natural gas and oil companies that practice fracking, almost always end up in groundwater supplies. I’m sure you’ve seen at least one video online of someone who lives near a fracking site lighting the water coming out of their faucet on fire. Thanks to a ruling in 2005 under the Bush administration, fracking operations are exempt from the Environmental Protection Agency’s Clean

Natural gas is the transitional fuel that is cleaner than coal and oil that has been experiencing a boom in the United States for the last few decades. Natural gas is most familiar to us in the form of heating and cooking on gas ranges. It is abundantly available and modern technology has made it much more accessible and cheaper than other energy sources. Hydraulic fracturing, known short as fracking, is the combination of technology with water and chemicals, and high pressure, that breaks through shale rocks to capture energy. The Climate One podcast titled “ Fracking Boom,”explains America’s recent obsession with fracking, surrounding its history, economic stimulus, construction, and community opposition among other issues. Presenting the talk were Russell Gold, author of The Boom: How Fracking Ignited American Energy Revolution and Changed the World, Mark Zoback, professor of Geophysics at Stanford University, and Trevor Houser, co-author of Fueling Up: The Economic Implications of America’s Oil and Gas Boom. The three guest speakers shared their expertise on how the fracking boom can power America’s economy, but can only be successful if the process in making the wells for fracking, are done along guidelines within the regulations.

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

Hydraulic fracturing, a method of extracting oil and natural gas that is better known as fracking, has received extensive media coverage over the years. This attention has come from both supporters and detractors of this contentious issue, and in the process the debate has been increasingly sensationalized. However, even when looking past the publicity, a careful examination of the scientific and legal implications of fracking reveals that the process carries a number of risks. Thanks to these inherent risks, as well as the behavior exhibited by the companies responsible for fracturing operations, allowing fracking to continue unchecked would lead to detrimental conditions that far outweigh the potential benefits.

Fracking has become a highly controversial and publicized topic in recent years due to rising concerns into the potential benefits and consequences of using hydraulic fracturing to retrieve natural gas and oil reserves. With concerns over water pollution, mismanagement of toxic waste and irreversible environmental damage mounting, the practice of fracking has

In the past few decades America’s energy consumption has risen significantly, the majority of our energy comes from fossil fuels like natural gas, and coal, however recently there has been a lot of publicity around a relatively new method of obtaining natural gas called Hydraulic fracturing, or fracking. Fracking has grown since the 1940s in America, natural gas prices are continuing to rise, as a result of its depleting number of natural resources (Heinberg). Therefore more complex, and expensive methods like fracking have become more popular, and cost-effective (Sanders). Fracking has already been used in the USA more than one million times, in fact more than 60% of gas wells in the United States are used for fracking (white). Fracking

However, fracking fluid is not the only questionable aspect of fracking, included is land and infrastructure degradation, physiological harm to local citizens, utilization of legislation loopholes, and the secrecy of fracking fluid formulas within the industry. Nonetheless, the negative attributes of fracking, such as fracking fluid dispersal and other environmental issues are outweighed by the vast economic gains and can be mitigated by a system of regulations and development of new technologies for the industry. The fracking industry will only increase in size, so much so that reclamation of shale gas is called “eminent shale gas revolution. British Petroleum [BP], for instance, expects global shale gas production to grow six-fold from 2011 to 2030. Shale gas production in the United States already accounts for roughly 30 percent of the nationwide total a growth rate up from only 4 percent in 2005” (Sovacool, 251). It has also been estimated that more than “80 percent of the natural gas wells developed in the United States over the next ten years are expected to require fracking and it is projected that by 2035 natural gas wells will represent more than a 75 percent share of the domestic supply” (Bleiwas, 68).

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.

Oil has been an important resource for life, and humans have been looking for places to extract it ever since its discovery. Hydraulic fracturing, or fracking, is a method of extracting oil and gases by drilling deep underground. A water based mixture, consisting of millions of gallons of water, sand, and chemicals, is injected at high pressures, fracturing rocks and allowing these oils to be collected. Fracking has been documented in several California counties, ranging from urban cities, such as Los Angeles, to rural areas in Central Valley. The underlying question is whether fracking should continue, as it provides the state and country with vital resources, but poses a great threat to the environment.

The new presidency is focused on obtaining more natural resources through fracking in order to become energy independent. Fracking is the process of obtaining natural resources, like oil and natural gas, by drilling into the ground using a mixture of water, chemicals, and sand. However, the presidency has not considered the ill health effects on children. Research has indicated that fracking can pollute the surrounding water and air with dangerous chemicals, which can be detrimental to the health of children. Children are more vulnerable to the damaging effects of fracking chemicals because they are anatomically, physiologically, and developmentally different from adults. Research is still nascent, but possibly risking the health of children

Fracking has equal benefits and drawbacks. Another big benefit it the amount of jobs one well would create. To frack, there would be hundreds of truckloads of equipment to be carried from one place to another. As well as the need to have an individual to watch over the fracking stations and watch for any troubling signs. These people would be important in the safety of the town and the people. Not only would there be hundreds of jobs created to build the wells, but there has to be people to maintain the wells, perform maintenance work on them. In the past years, jobs have been a hard thing to come by, unemployment rates have soared high and people would do anything to earn income. Fracking helped create many jobs, and it still is creating

The global crisis surrounding energy needs grows in severity as time goes by and in order to solve it, scientists have created the innovative solution known as hydraulic fracturing (Source 5). Hydraulic fracturing, commonly referred to as “fracking,” is a process that injects water, chemicals, sand, and other materials into layers of shale. The injected mixture cracks the layers of shale, releasing trapped natural gasses that can be collected (Source 1). Fracking occurs deep under the surface of the earth, miles below the groundwater that is accessed from drinking-water wells. In the mid-2000s, “fuel prices were rising rapidly” (Source 5). Hydraulic fracturing was a cheap solution that not only brought the world out of a state of emergency but made oil prices drop. The new method of gas collection grew the oil and gas industry, benefiting people all around the world. Fracking is a cheap, effective solution to global needs, but is under attack from skeptics who worry about environmental hazards. The claims against fracking not only have no real evidence but also risk destroying the jobs in the oil and gas industry as well as support for energy needs. Hydraulic fracturing is not only a cheap but a safe method that supports global needs surrounding both energy and jobs.

This essay is related to the process of Fracking and its implications on the Karoo. It will provide a background on exactly what Fracking is and how the process is carried out and also how and to what extent the process will affect the Karoo. Knowledge gained from the environmental economics course will be used and various factors and arguments will be weighed and taken into consideration with the goal aimed at reaching an evidence based decision as to whether Fracking should or should not be allowed in the Karoo.