The Economic Benefits 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 2026, life in Dimock, Pennsylvania was a lot different than how it was twenty years ago. This is evident by all the new advances in technology within the two decades. However, what changed the town the most was the hydraulic fracturing boom back in the mid-2000s. The town has experienced many ups and downs because of all the gas companies coming in to extract the natural gas from the Marcellus Shale, that lies underneath the land. Dimock had received a lot of attention from the media due to the side-effects of fracking, some families also engaged in long lawsuits against the companies because of these harmful side-effects of fracking. The government finally stepped in and demanded the gas companies to pay for

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

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

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.

Furthermore, one way to prove that fracking is bad is the condition of water near fracking sites. Fracking is notorious for the pollution of well and spring water. Chemical fluids may spill, then they run off into well water. Hydraulic fracking can be dangerous to well water if the hydraulic fluid is mismanaged, and spills. If the hydraulic fluids spill, it then pours out into the people’s well water or spring water, and then pollutes the water. Fracking can also cause a shortage of water. Shale fracking uses a lot of water, and that amount is about 11.5 million liters. The amount of water taken by fracking can leave a town with a limited supply of water. Also, fluid leak off can pour into well water, and the treatment plants can’t do anything

Fracking brings jobs and money to the United States by fracking . “ The development of marcellus shale is estimated to create more than 111,000 jobs and add $10 billion as the money went to the state's economy in 2011.”( no evidence of groundwater contamination) “In 2008, only 4 percent of United States natural gas production came from "fracked" shale wells.”(Fracking and Poverty)The number of shale wells grew to 40 percent since 2012. Fracking helps the low income people so that the people can afford natural gas for the first time. Fracking helped the United states economy get money since 2011 and employs tons of people. The price of natural gas has went down 66% since 2011 so it is cheaper to buy for the first time. Fracking is making

Fracking is hurting homeowners and communities. Fracking is turning neighbors against each other. One could be getting paid thousands of dollars to frack on their own property while both of them share the pain equally. Many homeowners who live close to a fracking pad, even people who don’t drink the water, experience headaches, persistent coughs, nausea and memory loss (‘Fracking’ for Natural Gas Continues to Raise Health Concerns). Not to mention many of the fracking chemicals are known carcinogens. With health effects like these it is no surprise that homes within 1.5 kilometers sell for 10% less. Furthermore, within a kilometer the number increases to 22% (McManon).

Fracking shouldn’t be used to release oil and natural gas because it makes the airheavier and is renewable. Opponents of fracking mostly focus on the local environmentspotential consequences. The new fracking technology and other types of equipments mostlyfocus on generally to natural gas extraction. The idea of fracking first began in the 1860s and thestudy between oil and gas production output the amount of pressurized treatments being used.Fracking is the process of injecting liquid at high pressure into subterranean rocks, boreholes andmany more but they force open existing fissures and extract oil or gas. It’s important to extractoil and gas because fossil fuels formed from the remains of ancient plants and animals. Theprocess of this extractions helps close some of Earth’s surfaces and it’s

Imagine an economy in the United States if we were an oil exporting country, like those in the Middle East. The States falls victim to those countries because we do not export quite as much as they do. This problem could potentially be solved by upping the amount of oil and gas fracking. Then, that now unused oil can be sent out to other countries, turning a profit here. Although many people believe that it is harmful to the environment, and bad for the public around it. The largest being that it will contaminate the underground water supply. Despite this, many people can agree that it is overall beneficial. Hydraulic fracturing is essential to the United States, because it creates jobs, it generates income, it could potentially turn the economy around, and it is crucial to our energy production as a whole.

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,

Fracking, a technique used to extract natural gas and oil from the earth 's subterranean rocks, is by no means a new thing. As the United States strives for energy independence, the number of wells produced by hydraulic fracturing has increased substantially. This method of harvesting natural gas and oil may contribute to pollution and has become a controversial topic. It is important to understand the pros and cons of fracking before drawing conclusions. Analyzing the economic and environmental effects of hydraulic fracking will show that fracking has economic benefits, while its environmental impact is no greater than that of other energy sources.