The Effects Of Hydraulic Fracturing On The American Economy

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.

In today's global economy, energy is one of the most crucial and sought after commodities. Who supplies it and how much they supply determines how much influence they have over other countries as well as the global economy. This is why hydraulic fracturing is currently such an important and controversial topic in the United States. Hydraulic fracturing, more commonly known as "fracking" or hydrofracturing, is the process of using pressurized liquids to fracture rocks and release hydrocarbons such as shale gas, which burns more efficiently than coal. This booming process of energy production provides a much needed economic boost, creating jobs and providing gas energy for Americans. The efficiently burning shale gas reduces carbon

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.

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

“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

Hydraulic fracturing also called fracking has been around for many years despite the recent events of controversy to continue fracturing or not. With the earth’s resources depleting rapidly every year and no sufficient replacement for energy humanity needs fracking. The process of fracking has been around for more than six decades. Fracking has been around since the 1940s and was created to increase the removal flow of oil and natural gas. In the words of chemical engineer Robert Rapier “Fracking involves pumping water, chemicals, and a proppant down an oil or gas well under high pressure to break open channels in the rock holding the oil or gas (Rapier).” A proppant can be different materials,

Hydraulic Fracturing, also known as fracking, is directly linked to having effects on the environment and the overall public health. The debate on whether or not fracking is too harsh on the environment has been going on ever since the United States has increased its use of this process to obtain more natural resources. Hydraulic fracturing is also directly correlated to having effects on drinking water. The process of fracking includes the injection of water containing other chemicals into the ground to extract natural resources that would otherwise be more difficult to obtain (Hydraulic Fracturing Overview, 2012). Although the process of fracking has resulted in an increase of natural resources, such as natural gas and oil, public health and environmental concerns have arisen. This topic has been the discussion of many people and whether or not there should be some form of government regulation in place, as it is nonexistent to this day. With that said, hydraulic fracturing in the United States has more negative effects on drinking water and the environment over time and should not be used as a means to obtain natural resources.

Hydraulic fracturing, also known as fracking, is a process the the oil and gas industry uses to extract natural gas and oil from shale rock formations buried deep within the Earth. Fracking is done in order to recover oil and natural gas from formations and areas that scientists didn’t think were possible to produce. It is also used for the extraction of oil and natural gas from older wells in more mature oil and natural gas fields. Many people don’t know about the many harmful effects to people and the environment because of fracking. Hydraulic fracturing is harmful to the environment and people because it contaminates drinking water, pollutes the air, and threatens the climate.

To environmental advocates and opponents of fracking, the process is more than dollars and cents. On a rudimentary level, the oil and natural gas produced via hydraulic fracturing are fossil fuels, and thus harmful to the environment in comparison to renewable, clean sources of energy such as solar and wind power. These renewable energy fields are likewise capable of bolstering American energy production and independence and creating high paying careers. Moreover, research suggests that fracking practices could cause serious methane leaks, canceling out the supposed reduction in greenhouse gas

Hydraulic fracking in the United States is a current environmental hazard that has to be addressed by the American people and by the federal government. Fracking in America has opened up millions of acres of lands that were once not economically viable to produce oil and gas. While the Bureau of land Management has paved the way for hydraulic fracturing on public lands, there is a need for retaliation. Fracking is a dirty method of extracting gases and oils at the price of numerous environmental, safety, and health hazards. The environment is not a means of income when rather it is the capital for future generations.

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.

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,

Hydraulic fracturing is a process used in nine out of 10 natural gas wells in the United States, where millions of gallons of water, sand and chemicals are pumped underground to break apart the rock and release the gas. Scientists are worried that the chemicals used in fracturing may pose a threat either underground or when waste fluids are handled and sometimes spilled on the surface. The natural gas industry defends hydraulic fracturing, better known as fracking, as safe and efficient. Thomas J. Pyle, president of the Institute for Energy Research, a pro-industry non-profit organization, claims fracking has been “a widely deployed as safe extraction technique,” dating back to 1949. What he doesn’t say is that until recently energy

Another problem that we know exists with hydraulic fracturing is the contamination of the water, the ground, and the air around the sites (Goldman pg. 2). It has been shown that “…residents living near the hydraulic fracturing sites are increasingly worried that the drilling process might be contaminating their well water, polluting streams, and releasing toxic gases into the air (Hobson).” Water sources, as well as the soil, are often polluted from flowback fluid and from production brine (Hydro-Fracking pg.4). Flowback fluid is “the contaminated fluid that returns to the surface during the drilling process, and is estimated to be between 9% - 35% of the fluids injected during